Malcolm Turnbull's brainchild and 'house of hedge funds' Pengana Hedge Funds has been turned over to a new consortium, including James Packer and former UBS investment bank chairman, Chris Mackay, who will also be launching a new long only global equities fund. https://www.financialstandard.com.au/feed/latest?story=15523 en-AU Copyright 2026 Financial Standard 5