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
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.
