The performance fee would be applied to performance above the MSCI All Country World Index.
This provided an alternative to the existing fee class of 0.974 per cent management fee with no performance.
Russel Pillemer, chief executive of Pengana Capital Group, said the offering of the new fee class for their International Fund was important to meet clients’ needs.
“Advisers are increasingly telling us that they are looking for choice, not only in access to a broader range of investment opportunities and structures than ever before, but also pricing structures to suit their clients’ needs,” Pillemer said.
There would be no changes to the investment strategy which was still led by Jordan Cvetanovski and Steven Glass.
Pengana International Fund performance to date
