Planners behind LIT premium, says Pengana CEO
Jonathan ShapiroSenior reporter
Pengana Capital chief executive Russel Pillemer says a share register weighted towards financial planners is the reason the firm's listed private equity trust is trading at a premium to its asset value, defying the broader trend of recent listed fund offerings.
The fund manager is expected to announce plans for a follow-on offer of units in its $205 million Private Equity Trust, which has gained 18 per cent since listing in May and now trades at a 7 per cent premium to its net asset value.
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