Announcements & Press Releases

WHEB enters strategic agreement with leading Australian asset manager


Press Release: London, Thursday 29th June 2017

WHEB Asset Management LLP (WHEB) is delighted to announce that it has entered into a strategic agreement with Pengana Capital Group Limited (ASX: PCG) to manage the Hunter Hall Global Deep Green Trust (GDG).

Pengana is a highly respected Australian funds management business and has recently merged with Hunter Hall Limited, one of Australia’s leading dedicated ethical funds managers, to create Pengana Capital Group (ASX: PCG), with in excess of $3bn funds under management.

Pengana’s strategy is to employ leading in-house investment teams to manage investment funds, but where they are unable to source a best-in-class management team within Australia, it is their policy to search abroad for talent. Following a global search, Pengana has selected WHEB as a strategic partner to manage GDG, which will be renamed the Pengana WHEB Sustainable Impact Fund. From 1 August 2017, the Pengana WHEB Sustainable Impact Fund will adopt the same investment strategy as the FP WHEB Sustainability Fund.

WHEB’s investment objective is to generate superior returns from global equities by investing in companies providing solutions to some of the most serious environmental and social challenges facing mankind over the coming decades.

Pengana’s Chief Executive Officer Russel Pillemer said: “This is an exciting development for investors in the Hunter Hall Global Deep Green Trust. WHEB’s investment team has impressive credentials and their strategy is at the forefront of sustainable investing. The agreement significantly complements and enhances our ethical investment offering by providing a fund with a disciplined positive screening process and integrated ESG analysis at all stages of the investment process.”

WHEB’s Managing Partner George Latham said: “We are very excited to enter into this partnership with Pengana for the Australian and New Zealand market. Pengana has an outstanding reputation for excellence across multiple funds, and a track record of developing strong relationships with best-in-class third party managers for specialist products.”

For further information about Pengana, please see: www.pengana.com

For further information about WHEB, please see: www.whebgroup.com