Aussie Firm Unveils Singapore Office

Feb 11 2009 | 1:27pm ET

Pengana Capital has opened an office in Singapore and appointed three investment professionals, Douglas Isles, Ashley Durante and Vikas Kumra, to staff the new venture.

Isles joins Pengana from Platinum Asset Management, where he spent five years as an investment analyst covering global equities with a focus on industrials. Durante joins the Pengana Asia special events team as a fund manager. He was previously a portfolio manager for the Osmium Special Situations Fund, a global event-driven fund managed out of Bermuda. Kumra brings local knowledge to the team, having worked previously at the Credit Suisse HOLT Division in Singapore, undertaking fundamental analysis on companies in the Asia-Pacific region.

The Singapore office will join Pengana’s existing offices in Australia, London and the U.S. The office will act as a research and product development hub, supporting Pengana’s funds management activities.

Russel Pillemer, CEO of Pengana, said the Asian region is a key driver of global economic growth and having investment professionals on the ground will the firm identify and evaluate investment opportunities as they arise.

“To my knowledge, we are the only Australian fund manager which has a dedicated research base in Singapore,” he said.

Pengana manages an Asia Special Events Fund and an Asian Equities Long Short Fund. All told, it manages approximately A$1.4 billion (US$934 million) in assets.


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