Pengana appoints US fund manager to ethical funds
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News summary.
Pengana Capital has appointed US fund manager, Axiom investments, to manage two of its international ethical equity funds after its chief investment officer and portfolio manager of the funds, Jordan Cvetanovski, and deputy portfolio manager, Steven Glass, left the business in March.

Speaking to Money Management, Pengana chief executive, Russel Pillemer said choosing the Connecticut-based Axiom was the "optimal solution" as it was an "extremely well-regarded fund manager" for the Pengana International Ethical Fund and the Pengana International Ethical Opportunities Fund.

The two funds would be renamed as Pengana Axiom International Ethical Fund and Pengana Axiom International Ethical Fund (Hedged).

Pillemer said the fund made the choice by looking at what teams were around to bring on and who they could joint venture with.

"Externally, this is the highest quality solution for the fund.…
Jassmyn Goh
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