Pengana Capital has expanded into Asia with the opening of an office in Singapore and the appointment of three investment professionals.
Headed by Douglas Isles, the Singapore operation will act as a research and development hub to support Pengana's funds management activities.
Ashley Durante and Vikas Kumra will also be based in the Singapore office to undertake research and product development initiatives in the Asia region.
The opening of the Singapore headquarters forms an important part of Pengana's Asia-Pacific regional growth strategy, according to Pengana Capital chief executive Russel Pillemer.
"With our strong capital base and long-term focus, we believe we have strategically timed our entry into this market," he said.
"The Asian region is a key driver of global economic growth. Having expert investment professionals on the ground will help us identify and evaluate investment opportunities as they arise and will enable our clients to capitalise on this growth."
Pengana currently manages two Asian-focused funds: the Asia Special Events Fund and the Asian Equities Long Short Fund.
The Singapore office will join Pengana's existing offices in Sydney, Melbourne, London, Chicago and the US state of Connecticut.
