Pengana Capital has been on the winning end of three superannuation fund mandates worth more than $66 million directed to its Global Bond Fund.
Pengana announced this week that the three Melbourne-based funds — Combined Fund, Cuesuper and Pinnacle — had made allocations to the Global Bond Fund over the past three months, bringing total funds under management within fund to more than $186 million.
Commenting on the allocations, Pengana’s chief investment officer, Nick Griffiths, said given the state of the global recovery, an allocation to a diversified bond strategy made good sense.
He claimed that one of the benefits of the strategy was that it gave smaller institutional investors the opportunity to allocate to a range of higher performing fixed income strategies run by investment specialists in their respective classes.
