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Russel Pillemer Bailey McCann, Opalesque New York:

Pengana was first founded by Russel Pillemer ten years ago. Now, the firm manages five strategies spread over separate teams focusing on event driven, long/short equity, market neutral, long only and small caps. "The thing which we are most proud about in the group is the performance of the funds in their various categories and each one of them is one of the top funds or certainly a top quartile performer in their various categories," Pillemer said in a recent Opalesque TV interview.

He explains that much of the investor base is comprised of retail investors as Australian regulators allow retail investors to access hedge funds. "We have the exact same regulatory oversight as for a long only mutual fund type manager. We particularly like that market because it’s very well diversified and we are not subjecting ourselves to large client risk and risk of withdrawals. It’s very sticky money. "

The money is made stickier still by local requirements that all employees pay 9% of their wages into their pension schemes, that number will increase to 12% over the next few years providing a significant asset pool for managers like Pillemer to compete for.

Global hedge fund investors are also taking interest in the opportunities captured by Pengana throughout the region. Those investors tend to be looking at activity in Singapore first, along......................

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