State Super Financial Services (SSFS) has granted Perpetual Investments a $300 million mandate to manage part of its enhanced cash portfolio.
The allocation will be invested in the Perpetual Investments’ Enhanced Cash Strategy.
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Perpetual Investments general manager of institutional business Warwick Boys said the mandate has confirmed the appetite for enhanced cash offerings within institutional portfolios.
"It shows our commitment to partnering with institutions to provide tailored solutions which will meet their objectives," Boys added.
Perpetual Investments, led by Michael Korber, currently manages $3.3 billion in assets across its range of enhanced cash strategies.
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