Pengana appoints Senior Portfolio Manager to Australian Equities Team
Pengana Capital Group has added senior Australian equities investment expertise to its ranks, with the appointment of Michael Maughan as a Senior Portfolio Manager within the Pengana Australian Equities team.
Michael Maughan previously held a long-term position as a Portfolio Manager at Tyndall Asset Management, and brings over 25-years of experience in equities research and portfolio management.
Russel Pillemer, CEO of Pengana Capital Group, said Michael is highly regarded and will be a huge asset to Pengana’s Australian equities team. “Michael is well-known for his disciplined investment approach, deep company insights, and consistent delivery of income and growth outcomes for clients.
“Michael will operate as a peer alongside our existing senior team members, contributing to the collaborative culture that defines Pengana’s investment philosophy”, Pillemer said.
Rhett Kessler, CIO and Senior Fund Manager for the Pengana Australian Equities Fund added: “Michael brings expertise across technology, media, telecoms, transport and property, which complements the team’s existing strengths and expands our research depth.
“We also value Michael’s disciplined focus on fundamental cash flow analysis, his strong senior corporate relationships, and his clarity in communication with both clients and stakeholders.”
Michael said he feels a natural affinity with Pengana’s approach. “I’m thrilled to be joining Pengana’s Australian equities team. I’ve always admired Rhett Kessler and Anton du Preez and the team for their integrity and skill as investors, operators, and communicators.
“While we all bring varied experiences and skills, we share the same philosophy and have a genuine commitment to growing clients’ wealth steadily and responsibly”, Maughan said.
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