The fund manager's Damien Boey said it would be foolhardy to believe gold is an uncorrelated asset.
WAM Capital
ASX:WAM
ASX-listed Pengana International Equities has failed in attempt to alter its investment mandate to allow it to deploy funds into the private credit asset class.
The prominent fund manager has launched a scathing attack on rival L1 after Wilson Asset Management lost a vote to control the board of one of Platinum's listed investment companies.
Pillemer says he is shocked at moves by Wilson to block a Pengana LIC from investing in private credit. Wilson says the fund has underperformed for a decade and must improve.
Challenger Group has also been linked with Platinum after Phil King's Regal Partners put the embattled global fund manager firmly in play.
