POWERED BY MOMENTUM MEDIA
Pengana takes $50 million allocation from AUSCOAL
Pengana Capital’s global volatility fund has won a $50 million allocation from industry superannuation fund AUSCOAL.
Pengana chief executive Russel Pillemer said it was a sound acquisition for the company’s strategy.
“With the investment markets undergoing unprecedented levels of volatility, the Pengana global volatility fund, being uncorrelated with other asset classes, is well placed to perform well in this difficult environment,” he said.
The AUSCOAL investment team carried out months of due diligence with Pengana before choosing the global volatility fund.
The fund has more than $600 million in funds under management.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
