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Fixed Income 

Quarterly Commentary 

April 2025

We’re delighted to share Perpetua’s latest Fixed Income Quarterly Commentary with you, as we digest and contemplate what has been a very eventful first quarter of the year in which headlines have been dominated by global politics and heightened uncertainty in financial markets.

 

We trust you will find this publication informative and that it provides a degree of clarity to help navigate the complexities of current global and local investment markets.

 

Enjoy the read! 

 

Jason Clark

Jason joined Perpetua as an Investment Performance & Risk Analyst. He is responsible for evaluating, measuring, and reporting on the performance and risk of the investment portfolios.

 

He brings experience from Luxcara, a German clean-energy asset manager, and Allan Gray, where he served in various roles over a five-year period. Jason holds Bachelor’s and Honours degrees in Economics from Stellenbosch University and is currently pursuing an MSc at the University of Bath. He also holds the CIPM® designation through the CFA Institute, specialising in investment performance measurement.