Perpetual: Result 2016

It’s not easy being a value investor according to Perpetual.

American novelist Paul Theroux once said ‘it’s usually expensive and lonely to be principled’. Perpetual’s chief executive Geoff Lloyd might agree after announcing a 4% fall in underlying profit.

The investment company is unapologetically focused on value. But with value hard to find, its managers have been sitting on their hands more than they would like and the performance of its funds has been sluggish.

Fund performance down


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