Russell Pillemer left a job at Goldman Sachs in New York to return to Sydney in 2002 with the idea to access Australian asset management talent through a new boutique investment firm that both overcomes the limitations of traditional funds management businesses by providing a partnership structure where fund managers are business owners/partners not employees, and clients and management is tied together through a strong alignment of interest. Pengana runs 5 equity funds with $1bn assets focused on the Asia-Pacific region; all managers have their own money invested in their funds. National Australia Bank owns 49% of Pengana.
In this Opalesque.TV BACKSTAGE video, Pengana co-founder and CEO Russel Pillemer talks about:
A. Pengana's five strategies:
1. Asia special events
2. Global resources long/short equity
3. Austrian equities market neutral
4. Australian equity absolute return
5. Australian small cap
B. Pengana's investor base:
1. Australian retail mostly via superannuation / pension savings
2. Australian high net-worth
3. Australian Institutions (larger super-funds)
4. International hedge fund investors: interested again in OZ hedge funds
C. What Australian retail, Pengana's strongest investor base, is looking for
D. Why Australia?
Russel Pillemer co-founded Pengana in 2003 and has been Chief Executive Officer since inception. Prior to founding Pengana, Russel worked in the Investment Banking Division of Goldman Sachs in New York where he specialised in providing advice to funds management businesses. Before moving to New York, he was responsible for leading Goldman Sachs’ Australian Financial Institutions Group. He is a member of the Institute of Chartered Accountants in Australia and has a Bachelor of Commerce (Hons) from the University of New South Wales. Pengana is headquartered in Sydney and also has operations in Singapore and Melbourne.
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Russell Pillemer left a job at Goldman Sachs in New York to return to Sydney in 2002 with the idea to access Australian asset management talent through a new boutique investment firm that both overcomes the limitations of traditional funds management businesses by providing a partnership structure where fund managers are business owners/partners not employees, and clients and management is tied together through a strong alignment of interest. Pengana runs 5 equity funds with $1bn assets focused on the Asia-Pacific region; all managers have their ow
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