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.
Recommended for you
As the 1 January 2026 education deadline looms, the FAAA is predicting as many as 1,000 advisers could exit the profession, triggering a significant experience loss for the profession.
AMP has made an internal promotion to head of business development for wealth distribution, as chief executive Alexis George has said the firm is doubling down on its BDM team.
A Supreme Court of Western Australia jury has issued its verdict regarding unregistered MIS operator Chris Marco, who was on trial for 43 fraud charges, with ASIC stating the verdict ends a “sorry chapter”.
Investment Trends has revealed Australian advisers are increasingly turning to ETFs to provide portfolio diversification, while new inflows for unlisted managed accounts have seen a double-digit drop.