Pengana Capital Group (ASX:PCG) has released its latest funds under management figures, reporting a total of $3.56 billion as of 31 December 2024.
This represents an increase from the $3.52 billion recorded at the end of November 2024, indicating steady growth in the company's financial ecosystem.
The company also disclosed substantial earnings from performance fees, with gross performance fees amounting to $12.8 million for the six months ended Dec. 31, 2024.
This resulted in a net performance fee of approximately $6.3 million.
Pengana Capital Group is set to pay distributions totalling $30 million, net of reinvestment, from its investment vehicles in January.
This distribution will reflect in the FUM announcement due on Jan. 31.
Further financial insights are expected as Pengana's half-year audited results are scheduled for release on Feb. 27.
"We are pleased with the company's financial performance and its ability to deliver value to our investors," said Paula Ferrao, company secretary of Pengana Capital Group.
Pengana Capital Group is a funds management company. Its investment objective is to increase the investor wealth by developing, offering, and managing investment funds in Australia and globally.
The company is focused on various investment strategies that aim to deliver long-term risk-adjusted returns to investors, with a focus on capital preservation.
At the time of Pengana Capital Group's share price was $0.95.
