The Downfall of Perpetual and the Challenges of Funds Management

The chapter explores the downfall of Perpetual, a long-standing Australian financial services company, as it faces a private equity breakup and strategic challenges. It discusses the implications of Perpetual's financial struggles and the broader shifts in the Australian equities market towards passive investing and private capital investments. Additionally, the chapter delves into the energy challenges posed by the AI boom and the need for significant investments in the energy transition.