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
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.