Pengana appoints New Jersey-based manager to international funds

Jordan Cvetanovski Steven Glass Pengana Russel Pillemer

11 May 2021
| By Jassmyn |
image
image
expand image

Pengana’s remaining funds that were under its former portfolio manager, Jordan Cvetanovski, and deputy portfolio manager, Steven Glass, who left the business in March will be managed by New Jersey-based Harding Loevner.

Harding Loevner would manage the Pengana Harding Loevner International Fund (formerly Pengana International Fund) and Pengana International Equities.

Last week, the fund manager announced that its international ethical funds were now managed by Axiom Investments.

Russel Pillemer, Pengana Capital Group chief executive, said: “We are extremely pleased to be able to partner with such a highly regarded team. Harding Loevner are truly one of the finest international equity managers worldwide, with an exceptional long-term track record of outperformance.

“We think that this is a very positive development for our investors – and have a high degree of confidence that they will benefit from strong long-term returns.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 4 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 2 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

5 days 3 hours ago

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 equi...

4 days 7 hours ago