Live Breaking News & Updates on Avoca Investment Management
Stay updated with breaking news from Avoca investment management. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fund manager recruits new portfolio manager 1 minute read 19 July 2021
Pengana Capital Group’s High Conviction Equities Fund has confirmed the appointment of a new portfolio manager.
Jeremy Bendeich joins the fund manager’s investment team having previously worked as portfolio manager of the UBS Australian Small Companies Fund and an investment analyst for Colonial First State.
Mr Bendeich will work alongside investment manager James McDonald on the High Conviction Equities Fund, which holds no more than 20 Australian and global companies at any time. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778578862-0 ); }); } Advertisement
“Since the fund’s inception in 2014, the fund has significantly outperformed its benchmark across all time periods, having returned an average to 32.8 per cent per annum to investors”, Pengana chief ....
The High Conviction Equities fund was a concentrated, ethically-screened portfolio which held around 20 Australian and global companies, with a particular focus on IT, healthcare and materials. Pengana chief executive, Russel Pillemer, said: “Since the fund’s inception in 2014, the fund has significantly outperformed its benchmark across all time periods, having returned an average to 32.8% per annum to investors. “It is a highly sought-after product from Pengana’s high net worth investors and private wealth offices.” According to FE Analytics, the Pengana High Conviction Equities fund had returned 40.3% over one year to 30 June, 2021, versus returns of 28.3% by the global equity sector within the Australian Core Strategies universe. ....