Hedge Funds

Pengana Capital celebrates three years of impressive track records


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

Russel Pillemer and Nick Griffiths
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.

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