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
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.