Perennial Investment Partners
Perennial Investment Partners (Perennial) is a specialist boutique investment management company. Formed in 1999 through a joint venture between senior investment professionals and IOOF, Perennial has responsibility for the management of all IOOF-branded managed funds.
Perennial's recent industry awards (Morningstar Fund Manager of the Year 2002; Morningstar Fixed Interest Manager of the Year 2002 and 2003, Money Management Fund Manager of the Year Fixed Interest 2004) reflect excellence in asset management and performance and are testament to their expertise and reputation in this field.
Perennial's Investment Philosophy
Perennial believes that all securities, including stocks and bonds, have an intrinsic value and through established fundamental analysis, Perennial can determine what it considers to be their true value.
Perennial also believes that investment markets are not fully efficient and from time to time stray from their true value. This gives active managers, such as Perennial, the opportunity to add value.
They believe that only through active management may experienced investment professionals identify mis-pricing opportunities and add value over and above recognised index returns.
The Perennial Difference
Perennial has created an ownership structure conducive to performance excellence via staff ownership, management independence and business flexibility.
As a result of equity participation by key executives, Perennial ensures that the interests of its investors and investment professionals are clearly aligned, leading to better investment outcomes over the medium to long term for their clients.
Investment Capabilities
Perennial has four key investment specialties or capabilities:
- Australian equities (growth and value style)
- Global equities (including global, Asia ex Japan and Japanese equities)
- Fixed interest and cash
- Multi-sector funds
Perennial's Management Team
Mr Michael Crivelli, Executive Chairman
BEc, ASA, ASIA
Mike is the Executive Chairman of Perennial, which he co-founded with IOOF in 1999. He has nearly 40 years experience in funds management, of which 22 years were with BT Fund Management Limited.
He made a significant contribution to the successful development of BT's investment business into one of the largest managers in Australia and spent nearly 20 years actively managing money in both Australia and overseas.
Prior to establishing Perennial in 1999, Mike was a founding shareholder of Pacific Road Funds Management (Asia).
Mr Anthony Patterson, Managing Director
Aff. SIA, AIACD
Anthony started with Perennial in 2001 as Head of Sales & Marketing and in May 2003 was promoted to Managing Director.
Prior to joining Perennial, Anthony was CEO of Lend Lease Corporate Services Limited, where he worked with the management team to oversee the implementation of MLC Limited's business strategy. He sat on MLC's investment and distribution committees for both retail and wholesale funds management. Anthony's achievements as CEO included achieving record profits, sales targets, improved customer retention levels and higher market share levels.
Frank W. Uhlenbruch, Investment Strategist
BComm (Melb), Grad Dip (Finance) (Melb)
Frank started with Perennial in 1999 as the investment strategist. He is responsible for tactical-asset allocation and providing the macro-economic and valuation framework for the fixed-interest process and provides high level input to the equity process.
Before Perennial, Frank worked at IOOF from 1995 to 1999, initially as senior economist and then as the investment strategist. Prior to IOOF, Frank worked at National Australia Bank Ltd. for 11 years, during which time he occupied various research economist positions. His last economic role at the bank was Senior Economist, International.
Lewis A. Bearman, Chief Operating Officer
BBus, FSIA, ACPA
Lewis joined Perennial in 2003 as Head of Operations and was later promoted to Chief Operating Officer. Lewis is responsible for all finance, IT and investment operations infrastructure within the organisation, and for the interaction with operational areas of IOOF.
Prior to Perennial, Lewis was employed by INVESCO Australia Limited, where he worked in areas such as Capital Markets, Fixed Interest and as Head of Foreign Exchange until a promotion to Head of Operations in 2000.
IOOF - Your Investment Guardians