- Pengana International’s (PIA) investment manager, Pengana Capital Group (PCG), has appointed James McDonald as interim Chief Investment Officer
- James will also manage all of the PCG team’s unlisted funds
- The new CIO comes with extensive experience, having first joined PCG in 2003
- Jordan Cvetanovski and Steven Glass, the previous managers of PCG, will leave immediately following the appointment
- Pengana’s shares are up 0.77 per cent, trading at $1.32
Pengana International’s (PIA) investment manager, Pengana Capital Group (PCG), has appointed James McDonald as interim Chief Investment Officer.
James will also manage all of the PCG team’s unlisted funds.
The new CIO comes with extensive experience, having first joined PCG in 2003. Since the merger of Hunger Hall and Pengana, James has been an integral part of the investment manager’s international equities team, as well as the portfolio manager of the Pengana high conviction equities fund, which has generated an 18.4 per cent yearly return since 2017.
PCG intends to appoint an investment management team that will retaining the company’s focus on ethical and responsible investment management, the generation of consistent long-term returns and downside risk mitigation.
“The board of PIA will work closely with PCG on the appointment of the new team that will be responsible for the management of PIA’s investments,” said the chairman of PIA, Frank Gooch.
“In the meantime, we are pleased that PCG has appointed James as its interim CIO as he is a highly experienced investment professional.”
Jordan Cvetanovski and Steven Glass, the previous managers of PCG, will leave immediately following the appointment.
Pengana’s shares are up 0.77 per cent, trading at $1.32 at 2:25 pm AEDT.