Pengana launches 2017 Impact Report
Pengana Capital has announced the launch of its 2017 WHEB Asset Management Impact Report and Impact Calculator, which will incorporate measurement of three social themes in addition to the five environmental themes.
In 2015, WHEB, which was the investment manager for the Pengana WHEB Sustainable Impact Fund was the first listed equity investor which had published an impact report.
According to its fourth edition, the report showed that $1 million invested in 2017 was linked to positive social impact including:
- 55 people receiving healthcare treatment,
- $118,000 of costs saved in healthcare systems,
- The provision of 109 days of tertiary education.
Pengana’s director of distribution, Damian Crowley, said the latest Impact Report and the Impact Calculator showed how investors were having a positive impact on people and the planet, by quantifying the positive impact of their investments.
The fund is managed by WHEB’s team, who have run the same strategy in the UK for over 12 years.
“The fund’s superior risk-adjusted returns are testament to WHEB’s fundamental investment philosophy: that companies producing goods and services that address the challenges of sustainability are exposed to structural growth and well positioned to deliver superior returns,” WHEB managing director, George Latham, said.
“We believe our investment performance is because of, rather than despite, the fund’s focus on businesses with a positive impact.”
AUTHOR
Oksana Patron
Recommended for you
As companies look to refine portfolios and adapt to regulatory changes, legal experts have flagged the financial services sector as one of the standout areas for M&A in the new year, particularly from overseas players.
Private debt has “plenty of room for growth”, according to global fund manager BlackRock, and will be helped by a number of tailwinds in the next five years.
The acquisition of Mason Stevens by private equity firm Adamantem Capital demonstrates the value of outsourced chief investment solutions to the financial planning arena.
The global investment manager has appointed a head of alternative credit to lead the expansion of its emerging market alternative credit platform.
