Pengana special events fund now on Macquarie Wrap
Diversified fund manager Pengana Capital has had its Asia Special Events Fund added to Macquarie Wrap’s investment menu.
The fund has an event-driven investment strategy that seeks to exploit the mispricing of securities of companies involved in corporate transactions within the Asia Pacific region.
It has been managed for the past four and a half years by Antonio Meroni.
Meroni said in the post-global financial crisis market, advisers would be looking for funds that can generate alpha irrespective of how the markets perform and that offer downside protection and a low correlation to traditional asset classes.
Meroni said the addition of this fund to the key platform used by advisers is further evidence that his fund’s investment approach is gaining attention from the industry.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
