Perpetual loses PM: Promotes from within

Veteran small-cap and microcap fund manager Jack Collopy has resigned prompting the promotion of two others in the team.

Alex Pattern and James Rutledge will become co-portfolio managers and will manage the fund's small-cap and microcap strategies within the Australian asset management business.

Pattern was deputy portfolio manager of Perpetual's smaller companies for over two years and has worked with the investment team for eight years.

Rutledge has more than 16 years of industry experience and has covered several sectors during that time. before joining Perpetual six years ago.

Perpetual's local chief executive Amanda Gillespie said the two will be supported by two small-cap analysts and the wider analyst team.

"Jack has made an outstanding contribution to the business throughout his time at Perpetual. His investment performance has been strong, and he leaves the team in a very good position to continue providing quality outcomes for our clients," she added.

"Both Alex and James had been promoted in recent years in anticipation of leadership roles within the business, and we are extremely confident that they will move seamlessly into their roles as Co-PMs."

The firm pointed out how closely he had worked with Collopy.

Gillespie noted that large-cap analyst - Jakov Males - joined the team as a senior analyst in mid-April.

Before joining Perpetual, Collopy worked as an equities dealer and investment administrator. He worked for three years in London at Salomon Smith Barney and Goldman Sachs Asset Management.