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Perpetual Australian Shares

Perpetual Australian Shares

Capture the growth and income potential of Australian shares by investing with one of Australia’s largest and most experienced share investors.

When you choose Perpetual, you are buying into one of Australia’s most respected and longstanding active investment managers, with a proven investment process that has been refined through more than 50 years of experience. Our aim is to always produce the best possible return for investors without taking on undue risk.

At Perpetual, we believe in investing in quality companies with sound management, conservative debt levels, recurring earnings and a quality business. Our investment decisions are driven by rigorous company research, which includes more than 1,000 company meetings or calls per year. Recognising the signs early allows us to respond to opportunities and manage risk, helping to deliver sustainable, long-term returns through changing market cycles.

Perpetual's Australian shares team manage a range of Australian share strategies across the market capitalisation spectrum. We manage long only, long/short, absolute return and concentrated strategies.

Why invest in Australian shares?

Protect against inflation

Capital growth

Potential tax benefits

Source of income

Protect against inflation

Inflation erodes purchasing power and reduces real investment returns. Australian shares can provide protection against inflation over the long term.

Capital growth

Capital growth is an important source of wealth creation. The success of a company’s management, business model, strategy and earnings growth can contribute to share price increases over time.

Potential tax benefits

If a company has already paid tax on its income, a share investor may be able to receive a tax benefit, called a franking credit, for dividends received from that company.

Source of income

Shares can provide a steady and growing source of income, known as dividends, even during periods when share prices are weak. Dividends are paid out of earnings, which usually increase as a company grows.

Expert stock pickers

Our expertise in buying quality and undervalued Australian companies has long been recognised through industry awards. Our focus on buying quality stocks when they are undervalued has rewarded investors over the long-term.

 

Outstanding track record

We have managed Australian shares since 1966, making Perpetual one of Australia’s longest established share investors.

 

Stable and experienced team

The size and depth of our Australian equities team (an average of 14 years of industry experience) benefits our clients as we have excellent access to company management. The team conducts more than 1,000 company meetings or calls per year.

 

Shorting expertise

For selected strategies, we deploy our stock picking expertise for short selling or ‘shorting’ companies that we think are overvalued. Our shorting capability has been an important strategy since 2003.

At Perpetual our investment philosophy drives our investment decisions. The way we seek to identify opportunities and manage our Australian share portfolios is guided by specific principles:

  • We believe equity markets are only semi-efficient
  • As a result, we believe you can beat the returns available from the market (or a market benchmark) by identifying and investing in high quality companies trading at attractive prices
  • We identify these companies through our own fundamental, in-depth research.

All investments carry risk. While it is not possible to identify every risk relevant to your investment, we have provided details of the risks that may affect your investment in the relevant product disclosure statement (PDS) or offer document.

You can find PDSs and other documents in our resources section. The relevant PDS, offer documents and forms can also be found in the sections below:


> Investments | > Superannuation | > Retirement

Australian equities team

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Vince Pezzullo
Head of Australian Equities, Portfolio Manager
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Anthony Aboud
Deputy Head of Equities, Portfolio Manager - Industrial Shares, SHARE-PLUS Long-Short, Pure Equity Alpha
Analyst, BEc, CFA
Nathan-Hughes.jpg
Nathan Hughes
Portfolio Manager, ESG Australian Share Fund, Income Share Fund; Co-Portfolio Manager Strategic Capital Fund
BCom, CFA
James Rutledge.jpg
James Rutledge
Portfolio Manager, Pure Value Share Fund, Co-Portfolio Manager Smaller Companies, Pure Microcap.
BAppFin, BEcon, CFA
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Alex Patten
Co-Portfolio Manager Smaller Companies, Pure Microcap.
Analyst, BAcc, CA
STAFF Sean Roger.jpg
Sean Roger
Co-Portfolio Manager - Pure Equity Alpha, SHARE-PLUS Long-Short, Perpetual Equity Investment Company (ASX:PIC)
BAcc
Guy%20Bunce-3.jpg
Guy Bunce
Senior Equities Analyst
BCom, MAppFin
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Brett Le Mesurier
Senior Equities Analyst
BA(Hons)
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Jakov Maleš
Senior Equities Analyst
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Louise Sandberg
Deputy Portfolio Manager Concentrated Equity Fund and Senior Equities Analyst
MSc
Liam Farlow
Senior Global Equities Analyst
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Rosemary Tan
Equities Analyst
BCom (Hons), MCom
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Nick Buisman
Equities Analyst
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Mitchell Hubble
Equities Analyst
BAcc, CFA
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Maryanne Drewe
Head of Proprietary Research
BBus
Hugo McDonald
ESG Analyst, Proprietary Research
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Tom Horn
Equities Analyst
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James Holt
Head Investment Specialist
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Vincent Glavis
Investment Specialist
Vince Pezzullo
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Vince Pezzullo

Head of Australian Equities, Portfolio Manager
Bio

Years of experience: 31

Years at Perpetual: 18

Vince is the Head of Equities and the Portfolio Manager for Australian Share, Geared Australian Share, Concentrated Equity and the Perpetual Equity Investment Company (ASX:PIC) and the Co-Portfolio Manager for the Strategic Capital Fund.

Vince joined Perpetual Investments in July 2007 as an Analyst and since that time has covered the chemicals, diversified financials, banking, telecommunications, building materials and REITS sectors.

Prior to joining Perpetual, Vince was a senior portfolio manager/analyst in the large cap Australian equities team at Deutsche Asset Management and led the top 100 equities team. In addition, he had stock research responsibilities across a large number of sectors.

Vince was also a portfolio manager for a number of client portfolios and researched international stocks as part of the international equity division State Super (subsequently Deutsche). 

Vince has a Bachelor of Commerce with a major in Economics and Finance.

Anthony Aboud
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Anthony Aboud

Deputy Head of Equities, Portfolio Manager - Industrial Shares, SHARE-PLUS Long-Short, Pure Equity Alpha Analyst, BEc, CFA
Bio

Years of experience: 25

Years at Perpetual: 12

Anthony is the Deputy Head of Equities and Portfolio Manager – Perpetual Industrial Share Fund, Perpetual SHARE-PLUS Long-Short Fund and Perpetual Pure Equity Alpha Fund.

Anthony has been with Perpetual for 12 years. Prior to joining Perpetual, he worked at Ellerston Capital for six years, where he was the Portfolio Manager for the Ellerston Capital Global Equity Management Fund for two years. Before that, he spent 4 years as an analyst working on a long/short strategy. Prior to joining Ellerston Capital, Anthony worked as an Analyst at UBS Investment Bank for 8 years.

Anthony has a Bachelor of Economics from the University of Sydney and has earned the right to use the Chartered Financial Analyst designation.

Nathan Hughes
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Nathan Hughes

Portfolio Manager, ESG Australian Share Fund, Income Share Fund; Co-Portfolio Manager Strategic Capital Fund BCom, CFA
Bio

Years of experience: 20
Years at Perpetual: 14

Nathan is the Portfolio Manager for the Perpetual ESG Australian Share Fund and Income Share Fund, the Co-Portfolio Manager Strategic Capital Fund and an analyst.

Nathan joined Perpetual in September 2010 as a Research Analyst, before spending almost two years on the dealing desk at Perpetual working on all Australian Equity strategies as an Equities Dealer. Nathan was then appointed to the role of Equities Analyst covering small cap stocks in 2013. He was promoted to Deputy Portfolio Manager in May 2016, and took on responsibility for managing 50% of the Smaller Companies strategy in 2017.

Prior to joining Perpetual, Nathan spent 6 years in a Chartered Accountancy firm where he was responsible for the affairs of a diverse range of clients, including regular taxation compliance, financial reporting, Self-Managed Superannuation Fund audits and business advisory services.

Nathan holds a Bachelor of Commerce from the University of Wollongong and holds a Chartered Financial Analyst (CFA) designation.

James Rutledge
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James Rutledge

Portfolio Manager, Pure Value Share Fund, Co-Portfolio Manager Smaller Companies, Pure Microcap. BAppFin, BEcon, CFA
Bio

Years of experience: 19
Years at Perpetual: 7

James Rutledge is the Portfolio Manager for the Perpetual Pure Value Share Fund, and Co-Portfolio Manager for the Perpetual Smaller Companies Fund and the Perpetual Pure Microcap Fund.

James joined Perpetual Asset Management Australia in May 2017, having previously been at Morgan Stanley for over 7 years. Prior to leaving Morgan Stanley, he was an Executive Director covering Building Materials and Steel sectors. Prior to lead coverage, James was part of the Healthcare team for around 3 years at Morgan Stanley.

James holds a Bachelor of Applied Finance, Bachelor of Economics from the Macquarie University. James is a CFA® charterholder.

Alex Patten
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Alex Patten

Co-Portfolio Manager Smaller Companies, Pure Microcap. Analyst, BAcc, CA
Bio

Years of experience: 10
Years at Perpetual: 12

Alex Patten is a Co-Portfolio Manager for the Perpetual Smaller Companies Fund and the Perpetual Pure Microcap Fund.

Before that, he was an Equity Analyst at Perpetual covering a range of sectors including Telecommunications, Media and Retail.

Alex joined Perpetual Asset Management in August 2015, after completing the Graduate program within the Perpetual Finance team and working in several management and financial accounting roles.

Alex has a Bachelor of Accounting from the University of Technology, Sydney and is a Member of the Institute of Chartered Accountants.

Sean Roger
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Sean Roger

Co-Portfolio Manager - Pure Equity Alpha, SHARE-PLUS Long-Short, Perpetual Equity Investment Company (ASX:PIC) BAcc
Bio

Years of experience: 12

Years at Perpetual: 11

Sean is the Co-Portfolio Manager for the Perpetual SHARE-PLUS Long-Short Fund, the Perpetual Pure Equity Alpha Fund and the Perpetual Equity Investment Company (ASX:PIC).

Sean joined Perpetual in February 2013 as a Graduate Accountant. He joined the Investments team in August 2014 as an Equities Dealer and was appointed an Equities Analyst in January 2016 where he was responsible for covering a number of stocks in the gaming and agricultural sectors. He was appointed Deputy Portfolio Manager for the Perpetual SHARE-PLUS Long-Short Fund and the Perpetual Pure Equity Alpha Fund in 2021 and 2022 respectively, and was appointed Co-Portfolio Manager of both funds as well as the Perpetual Equity Investment Company (ASX:PIC) in 2025.

Sean has a Bachelor of Accounting from the University of Technology, Sydney and has completed the Chartered Accountants program.

Guy Bunce
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Guy Bunce

Senior Equities Analyst BCom, MAppFin
Bio

Years of experience: 25
Years at Perpetual: 5


Guy Bunce is a Senior Equities Analyst with extensive experience in equities research having covered a variety of sectors over his 25 years in the industry. In his current role, he is responsible for the Transport, Infrastructure, Paper & Packaging and Chemicals sectors.

Guy joined Perpetual Asset Management Australia in April 2019, having previously worked at JP Morgan as the Head of Transport & Infrastructure Research.


Prior to this, he was Head of Australian Equities Research at RBC Capital Markets.

Guy has a Master of Applied Finance (Macquarie) and a Bachelor of Commerce (ANU).

Brett Le Mesurier
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Brett Le Mesurier

Senior Equities Analyst BA(Hons)
Bio

Years of experience: 37

Years at Perpetual: 2

Brett Le Mesurier is Senior Equities Analyst at Perpetual Asset Management. In this role, he is responsible for the Financials sector.

Brett joined Perpetual Asset Management in December 2021, having previously been the senior equities analyst with coverage of the Australian financial sector for Velocity Trade.

Prior to this, he was the senior equities analyst for the financial sector at Shaw and Partners. He was previously Managing Director and head of research for APP Securities.

Brett has a Bachelor of Arts with honours from Macquarie University, majoring in Statistics, and completed the A level exams of the Institute of Actuaries.

Jakov Maleš
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Jakov Maleš

Senior Equities Analyst
Bio

Years of experience: 28

Years at Perpetual: 1

Jakov Maleš is Senior Equities Analyst at Perpetual Asset Management. In this role, he is responsible for the Resources and Industrials sectors.

Jakov joined Perpetual Asset Management in April 2023 having previously worked as a Senior Investment Analyst at Contact Asset Management.

Prior to this, he worked as an Analyst, Portfolio Manager and team head at UBS Asset Management for 12 years and Allianz Global Investors for 4 years.

Jakov has a MBus from the University of Technology Sydney, BComm from the University of New South Wales and is a CFA Charterholder.

Louise Sandberg
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Louise Sandberg

Deputy Portfolio Manager Concentrated Equity Fund and Senior Equities Analyst MSc
Bio

Years of experience: 15
Years at Perpetual: 2

Louise Sandberg is Deputy Portfolio Manager for the Concentrated Equity Fund and Senior Equities Analyst at Perpetual Asset Management. In this role, she is responsible for covering large and small cap companies across property, discretionary consumer and consumer staples. 

Louise joined Perpetual Asset Management in October 2022, having previously worked at Bank of America in Singapore and Sydney as a Research Analyst covering the Australian property sector. Prior to this, Louise was a Research Analyst at Fidelity International in Singapore and Hong Kong across a range of sectors including gaming, financials and consumer/media. Louise also spent 5 years at Goldman Sachs in New York and Hong Kong in the Goldman Sachs Principal Strategies investment fund and investment banking.

Louise holds a Master of Science in Business Administration.

Liam Farlow

Liam Farlow

Senior Global Equities Analyst
Bio

Liam is a Senior Global Equities Analyst. In this role, he is responsible for the Global Resources and Industrials sectors.

Liam joined Perpetual Asset Management in January 2025, having previously worked at Platinum Asset Management covering the energy, resources and industrial sectors. Before that, Liam worked at Macquarie Group as an equity analyst specialising in materials, as well as in equity derivatives at Westpac. Prior to this, he had held a variety of engineering and commercial roles at BlueScope Steel and BHP Billiton. At Platinum, Liam led the industrials and resources sector team and was the co-portfolio manager of the Platinum Global Transition Fund (Quoted Managed Hedge Fund).

Liam has a Bachelor of Engineering (Mechanical, Hons) and Bachelor of Commerce (Finance) from the University of Wollongong, and an MBA from the Australian Graduate School of Management. 

Rosemary Tan
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Rosemary Tan

Equities Analyst BCom (Hons), MCom
Bio

Years of experience: 20
Years at Perpetual: 14

Prior to joining Perpetual in January 2010, Rosemary spent 2 years at Platinum Asset Management, where she held the position of Analyst for the Platinum Asia Fund covering stocks across China and Hong Kong. Prior to this, Rosemary was an analyst at MMC Asset Management analysing small and mid-cap companies. She also held roles at the Reserve Bank of Australia and the Australian Prudential Regulation Authority (APRA).

Rosemary holds a Masters of Commerce (Actuarial studies) from University of New South Wales and a Bachelor of Commerce (First Class Honours) in Accounting and Finance from University of Western Australia.

Nick Buisman
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Nick Buisman

Equities Analyst
Bio

Years of experience: 13
Years at Perpetual: 9

Nick Buisman is an Equities Analyst at Perpetual Asset Management. In this role, he is responsible for covering small and micro-cap companies across a range of sectors with a focus on Industrials, Retail, and Consumer Brands. 

Nick joined Perpetual Asset Management in May 2015, most recently having spent 4 years on the dealing desk as an Equities Dealer working across all Australian Equity strategies, as well as executing across global equities, FX, derivatives and treasuries.

Prior to this, he held the role of Investment Specialist within Perpetual Investments. Nick began his career in equity markets at Bell Potter Securities. 

Nick has a Bachelor of Economics from the University of Sydney. 

Mitchell Hubble
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Mitchell Hubble

Equities Analyst BAcc, CFA
Bio

Years of Experience: 4

Years at Perpetual: 4

Mitchell Hubble is an Equities Analyst at Perpetual Asset Management. In this role, he is responsible for covering small and micro-cap companies across a range of sectors with a focus on property, technology, and Industrials.

Mitchell joined Perpetual Asset Management in February 2020 as part of the graduate program. Prior to this, he worked at Macquarie, Cochlear, and in Perpetual’s Group Finance team. 

Mitchell has a Bachelor of Accounting from the University of Technology, Sydney and is a CFA® charterholder

 

Maryanne Drewe
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Maryanne Drewe

Head of Proprietary Research BBus
Bio

Years of experience: 40
Years at Perpetual: 21

Maryanne is the Head of Proprietary Research and an Analyst, covering mainly large and small cap companies in the industrials, consumer staples, and consumer discretionary sectors.

Maryanne joined Perpetual Asset Management Australia in February 2003 as an Analyst, bringing a wealth of experience from almost 20 years in a variety of corporate roles. This background has provided Maryanne with unique insight when analysing companies in her current role.

Maryanne’s corporate experience in mainly small to medium businesses included positions such as Chief Executive Officer and Chief Financial Officer, involving functions across auditing, accounting, strategy, management and general consulting. Among the companies that she worked at were Daniel Chen Group, Young Barnsdall & Joye which spanned retail fashion, manufacturing and accounting services industries.

Maryanne has a Bachelor of Business from the University of Technology, Sydney.

Hugo McDonald

Hugo McDonald

ESG Analyst, Proprietary Research
Bio

Hugo McDonald is a Proprietary Research Analyst at Perpetual Asset Management. In this role he is responsible for ESG related research and the development of Propriety Research within the PAMA team. Hugo joined Perpetual Asset Management in May 2019, as a Senior Analyst in Equity Operations. Prior to joining Perpetual, he worked at Challenger and the New South Wales Treasury Corporation.

Tom Horn
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Tom Horn

Equities Analyst
Bio

Years of experience: 3
Years at Perpetual: 2

Tom Horn is a Proprietary Research Analyst at Perpetual Asset Management. In this role, he is responsible for thematic research, supporting the development of Propriety Research and data analytics within the PAMA team.

Tom joined Perpetual Asset Management in August of 2021, having previously worked in the Equity Research team at Macquarie covering ESG.

Prior to this, he has worked at AECOM, & Interned at Deloitte in its Data & Artificial Intelligence Consulting team. 

Tom has a Bachelor of Business (Finance) & a Bachelor of Science in Information Technology (Data Analytics) from the University of Technology Sydney.

James Holt
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James Holt

Head Investment Specialist
Vincent Glavis
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Vincent Glavis

Investment Specialist

Have any questions? Call us on 1800 022 033

We are here to help you with any enquiries regarding Perpetual Investment products and services, including WealthFocus and your investments

Zenith Investment Partners Pty Ltd ABN 27 103 132 672 AFSL 226872 Fund Awards issued 13 October 2023 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Fund Awards are current for 12 months and subject to change at any time. Fund Awards for previous years are for historical purposes only. Full details on Zenith Fund Awards at https://www.zenithpartners.com.au/zenith-fund-awards-2023/