A $68 billion global manager has received a sovereign bond mandate from Perpetual Private in a move that will also see its solutions included in model portfolios.
Colchester Global Investors won the mandate, which sees an undisclosed amount invested by Perpetual Private in Colchester's global government bond strategy via an SMA.
Colchester's fund will also now be included in Perpetual Private's implemented fixed income portfolio and fixed income model portfolios.
The portfolio will be managed using a time-proven real yield approach, selecting sovereign markets with high real yields and strong financial stability as well as attractive currencies based on real exchange rates and balance sheet strength, Colchester said.
"Colchester provide our portfolios with a simplified and transparent exposure to an actively managed government bond and global currency strategy," Perpetual Private head of multi manager Theo Sofios said.
Also commenting, Colchester's Australian head of distribution Angela MacPherson said the firm is excited to grow the partnership.
"Colchester has a long-standing history of managing money for institutional clients and we are proud to manage just over $7 billion of assets for Australian and New Zealand clients which is a fantastic milestone to achieve," she said.