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The Pengana Story

Pengana was founded by Russel Pillemer (Chief Executive Officer) and Malcolm Turnbull (Chairman) in 2003. Recognising the wide sense of investor frustration with the fixation of the funds management industry on short term index relative returns, Pengana was established with the goal of providing investors with strong long term absolute returns and reduced risk.

From its inception, Pengana has strived to deliver superior funds management strategies by partnering with exceptional funds management teams. Utilising its unique structure, Pengana has delivered to its investors, long term returns that are amongst the best in their fields.

A distinguishing hallmark of Pengana has been the recognition that, in order to maintain long term investment performance, it is necessary for each of its strategies to be managed within conservative size limits. Over its history, the Company has steadfastly maintained its adherence to this belief which has been a major contributor to its success.

In 2008, National Australia Bank acquired a significant minority interest in Pengana from the Turnbull family and other shareholders.

Today, Pengana has in excess of 50 partners and employees, with operations in Sydney, Melbourne and Singapore.

Our Industry Partners

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Live Wire
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AGBA is the peak industry network for individuals and organisations that are committed to 'goals-based' advice.

Awards and industry recognition

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Emerging Companies Fund

Money magazine Best of the Best Small Companies Fund 2016

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Asia Special Events - Cayman Island Fund US$/A$

Nominee - Best Asian Event Driven Fund, Eurekahedge Asian Hedge Fund Awards 2015

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Absolute Return Asia Pacific - Australian Unit Fund

Nominee - Best Asian Event Driven Fund, Eurekahedge Asian Hedge Fund Awards 2015

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Australian Equities Fund

Nomination - Money Management/Lonsec Fund Manager of the Year 2013 (Retirement Income Innovation)


Whether you are a direct investor, SMSF holder, or a trusted advisor, there may be many benefits in diversifying either yours or your clients investments across the Pengana funds.

Our Investment Allocation tool may assist you by providing an historical analysis of the performance of Pengana's funds and other selected investments.


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