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.
AUTHOR
Ashleigh McIntyre
Recommended for you
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.
With just 30 per cent of Australians knowing their superannuation balance to the nearest $1,000, Findex has emphasised the role of financial advice in addressing the critical super knowledge gap.
New Insignia Financial CEO Scott Hartley has detailed the impact of the Godfrey Pembroke exit and the progress in resetting its financial advice model on its latest quarterly results.
