Hunter Hall to merge with Pengana Capital to create $3bn fund manager

Ethical investor Hunter Hall has announced that it has entered into an agreement to merge with Pengana Capital to create a funds management business with more than $3 billion of retail funds under management.

Russel Pillemer, Pengana Capital CEO

The merger is billed as a “positive step”, merging two active managers and Pengana’s Australian equities component and Hunter Hall’s globally invested funds. The proposed merger is to be effected by Hunter Hall “acquiring all the shares in Pengana in return for the issuance of approximately 74.1 million Hunter Hall shares to Pengana shareholders,” according to Hunter Hall. Following the merger, Hunter Hall shareholders will own approximately 27% and Pengana shareholders will own approximately 73% of the issued equity of Hunter Hall, comprising approximately 101.5 million shares post transaction. 

 

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Rachel Alembakis

Rachel Alembakis

Publisher/Editor at The Sustainability Report
Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.
Rachel Alembakis

Author: Rachel Alembakis

Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.

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