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 January 2018
    1 MTH 1 YEAR 3 YEARS 5 YEARS Since Inception
    Asia Special Events Fund (USD) 0.58% 7.27% 2.46% 3.22% 5.52%
    US Federal Fund Target Rate 0.13% 1.16% 0.66% 0.49% 1.00%
    Outperformance vs. US Federal 0.45% 6.11% 1.80% 2.72% 4.52%
     
    Asia Special Events Fund (USD) 0.58% 7.27% 2.46% 3.22% 5.52%
    MSCI AC Asia Pacific Index (USD, Unhedged, PR) 5.88% 29.86% 9.45% 6.67% 2.61%
    Outperformance vs. MSCI -5.30% -22.59% -6.99% -3.46% 2.91%

    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
    30 Nov 2017 1491.9800 1491.9800 -
    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 -

    Download Unit Prices

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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