Alpha Fund Managers

Alpha adds Pengana Global Volatility Strategy to its multi-manager line-up

10 Aug 2009

Boutique fund manager Alpha Fund Managers, which seeks to provide investors with access to sector-specific multi-manager funds, has added the Pengana Global Volatility strategy to its Alpha series multi-manager line-up.

Commenting on the appointment, Matthew Zschech, Alpha Portfolio Manager, said Alpha believed the Pengana Global Volatility strategy, which invests in exchange-traded North American futures and options and is essentially market neutral and non-directional, is an innovative inclusion in the Alpha portfolio.

"The consistency of returns since the strategy began and having Al Wilkinson, who is widely credited with the creation of the VIX, (the recognised volatility index) actually running the strategy gives a large measure of comfort when embracing a new strategy such as this," Mr Zschech said.

Simon Poidevin, Executive Director at Pengana Capital said he was delighted to have Alpha as an investor in the strategy.

"More and more investors are recognising Pengana's Global Volatility Strategy as a real means of achieving uncorrelated returns in both up and down markets," Mr Poidevin said.

About Pengana Capital Ltd
Pengana Capital Ltd ("Pengana") is a diversified funds management business focused on delivering exceptional long term returns to its investors. It has approximately AUD$1 billion in funds under management through ten funds, focusing on equities, bonds and volatility strategies.

Pengana is headquartered in Sydney, Australia, with additional offices in Melbourne, Singapore, London, Edinburgh, Chicago and Lakeville (Connecticut).  Pengana has approximately 50 staff members including over 35 investment professionals.  Pengana is owned by its directors and staff with National Australia Bank having a minority strategic stake in the company.

Pengana's performance and innovation has been recognised by AIMA's Australia Hedge Fund Awards (2008), the Money Management awards (2008, 2007, 2006) and Standard & Poor's fund manager awards (2007).