Pengana adds fee class to International Fund
Pengana Capital Group Limited has added an additional fee class for the Pengana International Fund, offering 0.65 per cent management fee with a 15 per cent performance fee.
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
AUTHOR
Chris Dastoor
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
