Perpetual Trust Services Limited announced Michael Murphy as Portfolio Manager of the Perpetual Loan Fund (PLF) effective immediately. The Trust has indirect exposure to corporate loans through investments in the Perpetual Loan Fund. Currently, the Trust has a 42% holding in PLF.

Michael has 10 years of investment experience and has been with Perpetual Asset Management Australia since 2018. He is a Senior High Yield Analyst, focusing on investments in sub-investment grade and unrated assets (High Yield Assets) and private debt markets. In March 2022 he was appointed Associate Portfolio Manager for the PLF and is primarily responsible for sourcing and assessing investments in the high yield space.

Prior to joining Perpetual, Michael worked as an Investment Associate at Metrics Credit Partners, responsible for covering leveraged finance and corporate private debt. Prior to this, he was an Associate Credit Analyst at Morningstar and before that, a Credit Risk Analyst at Commonwealth Bank. Michael continues to be supported by the broader Credit and Fixed Income Team at Perpetual Asset Management Australia.

He will also work closely with Michael Korber, Portfolio Manager of PCI.