Ex-Perpetual fundie readies $3 billion ethical pitch

Former Perpetual Investments rising star Nathan Parkin is making an ambitious return to local funds management, seeking to raise $3 billion for a new ethical investment fund. Street Talk understands Parkin, who left Perpetual abruptly in late 2016, has teamed up with former Macquarie Securities equities desk head Matthew Nacard to establish new boutique Ethical Partners Funds Management. Sources said the pair had set up office in Sydney's Pitt Street - not far from Parkin's old hunting ground at Angel Place - and were in the process of obtaining an Australian Financial Services Licence so they could start managing money.