Volatility pays dividends
Big Queensland institutional investor QIC has had its decision to be the seed investor in the Pengana Global Volatility strategy vindicated with a 10 per cent return net of fees for the period November 2007 to January 18.
The result has seen QIC make a further allocation to the strategy, bringing total investment to more than US$250 million.
Commenting on the result, principal portfolio manager Al Wilkinson said that it was a pleasing outcome, especially during a period of volatility, and had rewarded QIC’s research into the strategy.
“We believe we will be seeing changes in the level of volatility in the markets for the foreseeable future, which presents great opportunities for us,” he said.
AUTHOR
Mike Taylor
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