Antipodes in agreement to ‘assist’ managing Pengana LIC
Make us a preferred source
Make us a preferred source on Google
The news: Listed investment company Pengana International Equities (PIA) is in a trading halt following an announcement from Pengana Capital Group (PCG) that it has entered into an agreement for Antipodes Partners to “assist” PCG in managing the PIA portfolio in line with the Antipodes Global SMID strategy.
The context: PIA said the trading halt would be lifted once it provided the market the outcome of its strategic review. Its shares last closed at $1.22 and over the last 12 months has lifted 5.6%.
In October 2025, PIA failed to change its investment mandate to include private credit into its strategy and lost three of its directors following a campaign from Wilson Asset Management’s Geoff Wilson. During this time PIA commenced its strategic review of the LIC.
What they said: “Via the Strategy, PIA will continue to invest in a portfolio of diversified and ethically screened global equities listed on major international exchanges. There is no change to PIA’s investment mandate or ASX listing,” Pengana Capital Group said.
“PCG consider that this transition significantly improves its investment management proposition and aligns with the best interests of PIA shareholders. The transition is also expected to materially enhance long-term shareholder outcomes, a key consideration for PCG in its role as parent of the Investment Manager of PIA.”
