Pengana Capital celebrates three years of impressive track records
Fri Jan 20, 2012
All the hard work has paid off for the Australian firm that roots all its funds in strict risk management while giving managers the freedom to diversify
It was almost a decade ago that Russel Pillemer and Malcolm Turnbull had the idea – a firm to back best-of-breed, absolute return-oriented fund managers, enabling them to work in a well-capitalised environment, with all the flexibility and individual nuance of a boutique house, supported by the backbone of an institutional-standard infrastructure.
|Russel Pillemer and Nick Griffiths|
Now as chief executive officer of Pengana Capital, a firm with around A$1.3 billion ($1.34 billion) in assets under management and offices in Sydney, Melbourne and Singapore, Pillemer is seeing that vision bear fruit. (Turnbull has moved into a career in Australian politics.) The company has a staff of 45 including 25 investment professionals in eight teams. All of the firm’s internally managed funds now have at least a three-year track record and are well-positioned to make the most of a year of high volatility and uncertainty, says Pillemer.
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