Pengana's Australian Equities Long Short fund lost 13.5% net after all fees in October, bringing their 6 month performance to -21%, vs the ASX300 Accumulation Index which fell 12.9% in October, and has fallen 26.9% over the past 6 months.
Pengana manages a range of funds, which struggled in October's unprecedented volatility. The Pengana Global Resources Fund fell over 12%, following a fall of -20% in September.
Pengana's Global Volatility Fund, which was launched with much fanfare in November 2007 and initially performed well in the first half of 2008, appears to have ceased reporting returns.
