Perpetual Guardian Investments Restructures Castle Point Funds

Perpetual Guardian Investments has restructured its Castle Point funds, which manage NZ$300 million in assets, by divesting from Synlait Milk and Move Logistics. Chief Investment Officer Tim Chesterfield explained these investments no longer align with their return profile. Synlait shareholders recently approved a NZ$130 million loan to prevent immediate receivership, while Move's CEO resigned amid economic challenges. Perpetual aims to reinvest the freed capital into new opportunities and ensure the Castle Point Ranger fund is fully invested in Australasian shares. Despite these adjustments, the overall structure of the Castle Point portfolio will remain consistent.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com