New opportunity at Perpetual

The troubled fund manager is utterly out of favour, but suddenly improvements planned for the stock may be accelerated.

PORTFOLIO POINT: I have great optimism about Perpetual’s prospects. It is likely to emerge from the bear market leaner and more humble.

This week high-profile fund manager Perpetual announced the surprise departure of chief executive Chris Ryan. His exit, after just 12 months, says much about the health of the financial services industry at present and the need for urgent change.


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