Asia Special Events Fund - Cayman Island Fund

The Pengana Asia Special Events Fund invests in a portfolio of Asia Pacific equities, with a focus on significant corporate events in the region.

Overview

The Pengana Asia Special Events Fund invests in a portfolio of Asia Pacific equities. The Fund aims to deliver consistent returns that are uncorrelated with traditional asset classes, by exploiting inefficiencies in share prices caused by significant corporate events in the Asia Pacific region

The investment philosophy of the Fund is based on seeking consistent superior investment returns for investors rather than returns driven by the general direction of equity markets. The Fund employs an active fundamental stock selection process based on proprietary models

The investment team use three investment strategies to participate in corporate events – Mergers & Acquisitions (M&A), Relative Value and Directional Alpha strategies. Corporate events can create market inefficiencies and Pengana’s proprietary fundamental analysis has been designed to uncover attractive opportunities for investors.

The Fund aims to deliver consistent returns with low volatility and low correlation with equity markets and other traditional asset classes. It therefore has the potential to provide excellent diversification with other investments in a portfolio.

The portfolio construction process attempts to control risk by maintaining low exposure to relative market movements and other broad risk factors. Stock positions may be either long or short and leverage may be used.

The Fund is an exempted liability company, incorporated in the Cayman Islands in 2008.

Benefits of Investing

Key focus on capital preservation and risk management. This is achieved through low net market exposure and hedging the exposure to other broad risk factors.

Diversification. Returns are generated from stock specific events, such as mergers and acquisitions, rather than market movements, providing attractive diversification benefits.

Ability to exploit structural changes occurring across the Asia Pacific region. The Fund invests across multiple investment strategies and geographies to take advantage of structural changes and growth occurring across the region.

Absolute return focus. The Fund has an absolute return investment objective and aims to generate returns throughout different market conditions by investing across different sub strategies, sectors and markets.

Long track record. The Fund has a long track record, producing positive returns with low volatility since inception.

  • Performance History
    Fund performance for Asia Special Events Fund - Cayman Island Fund

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    Investment Period to
    Please select a minimum 60 day date range.
    Performance at October 2017
    1 MTH 1 YEAR 3 YEARS 5 YEARS Since Inception
    Asia Special Events Fund (USD) 1.76% 4.37% 1.85% 3.81% 5.42%
    US Federal Fund Target Rate 0.11% 0.97% 0.56% 0.44% 0.99%
    Outperformance vs. US Federal 1.65% 3.40% 1.28% 3.37% 4.44%
     
    Asia Special Events Fund (USD) 1.76% 4.37% 1.85% 3.81% 5.42%
    MSCI AC Asia Pacific Index (USD, Unhedged, PR) 4.25% 20.85% 5.81% 6.61% 1.81%
    Outperformance vs. MSCI -2.49% -16.48% -3.96% -2.80% 3.62%

    Total return performance figures are shown after all fees and charges. These performance figures assume a net return of 0% for each of March 2008 and April 2008 when the Fund was not trading. The performance figures for the period before March 2008 reflect the track record in the RHA Asia Special Events Fund. Antonio Meroni, the senior manager for the Fund, was also the senior manager for the RHA Asia Special Events Fund. The Fund and the RHA Asia Special Events Fund have the same investment strategy. The performance figures for the period May 2008 to June 2008 reflect a model portfolio and trading of proprietary capital and are not reflective of actual returns. Past performance is not a reliable indicator of future performance. The value of investments can go up and down.

    Inception date strategy: December 2006 as the RHA Asia Special Events Fund

  • Unit Prices
    Unit Prices History Table
    Date Application Redemption Distributions
    31 Oct 2017 1490.1600 1490.1600 -
    30 Sep 2017 1464.4000 1464.4000 -
    31 Aug 2017 1453.2300 1453.2300 -
    31 Jul 2017 1459.1200 1459.1200 -
    30 Jun 2017 1454.7100 1454.7100 -
    31 May 2017 1440.8100 1440.8100 -
    30 Apr 2017 1414.1400 1414.1400 -
    31 Mar 2017 1404.1400 1404.1400 -
    28 Feb 2017 1420.3600 1420.3600 -
    31 Jan 2017 1421.0100 1421.0100 -
    31 Dec 2016 1407.1500 1407.1500 -
    30 Nov 2016 1403.2100 1403.2100 -
    31 Oct 2016 1427.7500 1427.7500 -
    30 Sep 2016 1423.3900 1423.3900 -
    31 Aug 2016 1400.0700 1400.0700 -
    31 Jul 2016 1379.7100 1379.7100 -
    30 Jun 2016 1394.2500 1394.2500 -
    31 May 2016 1462.0700 1462.0700 -
    30 Apr 2016 1473.0900 1473.0900 -
    31 Mar 2016 1459.4700 1459.4700 -
    29 Feb 2016 1431.5500 1431.5500 -
    31 Jan 2016 1416.7000 1416.7000 -
    31 Dec 2015 1448.7900 1448.7900 -
    30 Nov 2015 1441.1100 1441.1100 -
    31 Oct 2015 1426.6700 1426.6700 -
    30 Sep 2015 1388.1700 1388.1700 -
    31 Aug 2015 1375.1200 1375.1200 -
    31 Jul 2015 1444.0200 1444.0200 -
    30 Jun 2015 1457.5400 1457.5400 -
    31 May 2015 1495.4300 1495.4300 -
    30 Apr 2015 1486.5100 1486.5100 -
    31 Mar 2015 1426.9400 1426.9400 -
    28 Feb 2015 1425.8100 1425.8100 -
    30 Jan 2015 1417.3100 1417.3100 -
    31 Dec 2014 1416.5300 1416.5300 -
    28 Nov 2014 1416.7000 1416.7000 -
    31 Oct 2014 1410.5800 1410.5800 -
    30 Sep 2014 1412.8500 1412.8500 -
    29 Aug 2014 1412.3700 1412.3700 -
    31 Jul 2014 1406.1000 1406.1000 -
    30 Jun 2014 1394.0800 1394.0800 -
    30 May 2014 1381.2600 1381.2600 -
    30 Apr 2014 1381.8100 1381.8100 -
    31 Mar 2014 1390.0800 1390.0800 -
    28 Feb 2014 1408.6200 1408.6200 -
    31 Jan 2014 1402.5000 1402.5000 -
    31 Dec 2013 1380.2300 1380.2300 -
    30 Nov 2013 1366.3100 1366.3100 -
    31 Oct 2013 1364.3600 1364.3600 -
    30 Sep 2013 1348.4900 1348.4900 -
    30 Aug 2013 1334.2700 1334.2700 -
    31 Jul 2013 1323.0300 1323.0300 -
    28 Jun 2013 1313.2500 1313.2500 -
    31 May 2013 1335.0100 1335.0100 -
    30 Apr 2013 1328.4100 1328.4100 -
    28 Mar 2013 1314.4900 1314.4900 -
    28 Feb 2013 1307.0500 1307.0500 -
    31 Jan 2013 1300.9900 1300.9900 -
    31 Dec 2012 1280.1900 1280.1900 -
    30 Nov 2012 1258.7000 1258.7000 -
    31 Oct 2012 1235.9700 1235.9700 -
    30 Sep 2012 1249.4800 1249.4800 -
    31 Aug 2012 1241.6700 1241.6700 -
    31 Jul 2012 1241.2800 1241.2800 -
    30 Jun 2012 1238.2900 1238.2900 -
    31 May 2012 1240.1500 1240.1500 -
    30 Apr 2012 1265.1600 1265.1600 -
    31 Mar 2012 1299.2600 1299.2600 -
    29 Feb 2012 1295.3700 1295.3700 -
    31 Jan 2012 1287.5100 1287.5100 -
    31 Dec 2011 1269.2500 1269.2500 -
    30 Nov 2011 1255.6100 1255.6100 -
    31 Oct 2011 1251.9100 1251.9100 -
    30 Sep 2011 1240.1800 1240.1800 -
    31 Aug 2011 1258.6000 1258.6000 -
    30 Jul 2011 1267.7200 1267.7200 -
    30 Jun 2011 1246.7200 1246.7200 -
    31 May 2011 1243.7300 1243.7300 -
    30 Apr 2011 1234.3000 1234.3000 -
    31 Mar 2011 1220.4800 1220.4800 -
    28 Feb 2011 1221.2600 1221.2600 -
    31 Jan 2011 1210.8500 1210.8500 -
    31 Dec 2010 1198.8600 1198.8600 -
    30 Nov 2010 1194.7300 1194.7300 -
    31 Oct 2010 1189.9200 1189.9200 -
    30 Sep 2010 1173.7300 1173.7300 -
    31 Aug 2010 1144.0900 1144.0900 -
    31 Jul 2010 1128.0700 1128.0700 -
    30 Jun 2010 1114.8900 1114.8900 -
    31 May 2010 1107.6300 1107.6300 -
    30 Apr 2010 1146.6100 1146.6100 -
    31 Mar 2010 1133.5300 1133.5300 -
    28 Feb 2010 1124.7900 1124.7900 -
    31 Jan 2010 1140.2300 1140.2300 -
    31 Dec 2009 1132.9100 1132.9100 -
    30 Nov 2009 1127.0000 1127.0000 -
    31 Oct 2009 1108.1000 1108.1000 -
    30 Sep 2009 1101.2400 1101.2400 -
    31 Aug 2009 1096.9300 1096.9300 -
    31 Jul 2009 1089.9800 1089.9800 -
    30 Jun 2009 1072.4700 1072.4700 -
    31 May 2009 1066.7800 1066.7800 -
    30 Apr 2009 1021.7100 1021.7100 -
    31 Mar 2009 1001.6200 1001.6200 -
    28 Feb 2009 1008.7000 1008.7000 -
    31 Jan 2009 993.0500 993.0500 -
    31 Dec 2008 989.1100 989.1100 -
    30 Nov 2008 988.7000 988.7000 -
    31 Oct 2008 971.3400 971.3400 -
    30 Sep 2008 966.5900 966.5900 -
    31 Aug 2008 978.0400 978.0400 -
    31 Jul 2008 995.0200 995.0200 -
    30 Jun 2008 1000.0000 1000.0000 -

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  • Investment Team
    Antonio Meroni
    Antonio Meroni

    Senior Fund Manager

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    Vikas Kumra
    Vikas Kumra

    Fund Manager

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    Lee Ann
    Lee Ann Lee

    Middle Office Data Analyst

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    Jingging
    Jingqing Hong

    Analyst

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    Vivien Lee
    Vivien Lee

    Junior Middle Office Support Analyst

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  • Investor Notifications

    There are currently no investor updates for you to note for this Fund

  • Reports and Resources
    Important Information

    Asia Special Events Fund

     

  • Ratings and Awards
    Ratings

    This report may only be accessed by holders of Australian Financial Services Licences and their authorised representatives.

    There are no ratings reports available for this fund. Please contact Pengana for further information.

    Awards

    Finalist Best Singapore Fund, Eurekahedge Asian Hedge Fund Awards 2012

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

    Nominee Best Asian Event Driven Fund, Eurekahedge Asian Hedge Fund Awards 2013

    Nominee Best Asian Event Driven Fund, Eurekahedge Asian Hedge Fund Awards 2014

    Winner Best Asian Event Driven Fund, Eurekahedge Asian Hedge Fund Awards 2012

    Winner World Finance Hedge Funds Awards 2012, Best Event Driven Fund, Asia Specific

    Winner Best Emerging Manager, Australian Hedge Fund Awards 2010

    Winner Excellence in Investment Management, Event Driven, Asia Special Category, IAIR Asset Management Awards 2013

    WF Hedge Funds 2013