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Investment

WAM takes over PIA board, vows to lift underperformance

Wilson Asset Management (WAM) has successfully taken over the board of the Pengana International Equities (PIA) LIC in the hope of overhauling its investment strategy amid continued underperformance.

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Read more: PIAPengana International EquitiesWilson Asset ManagementDavid GrovesFrank GoochGeoff WilsonJesse HamiltonJulian MartinPengana Capital GroupRichard CaldwellRussel PillemerSaba Capital ManagementSandi OrleowWashington H. Soul Pattinson