Twenty years is a long time in a market saturated with equity funds, but not only have Pengana Capital’s Ed Prendergast and Steve Black survived fickle financial markets they’re also outperforming them.
The Melbourne-based portfolio managers run the Pengana Emerging Companies Fund, which has returned 12.1 per cent per annum after fees since its inception in 2004, against the 5 per cent of the S&P/ASX Small Ordinaries Index.
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
