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Aussie property boom benefits Perpetual

The fixed income money manager cuts some of its real estate debt investments to the lowest level in 10 years

Published Wed, Jan 18, 2017 · 09:50 PM
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Sydney

AUSTRALIA'S overheated property market has spurred one of the country's top-performing fixed income money managers to cut some of its real estate debt investments to the lowest level since the 2007 financial crisis.

Vivek Prabhu, the Sydney-based head of fixed income at Perpetual, is making the move as he braces himself for potential blow-ups in the nation's A$7.6 trillion (S$8.16 trillion) property market.

He has whittled down the debt holdings of Australian real estate investment trusts within the A$926.4 million Perpetual Wh…

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