They came together with dreams of creating a funds management powerhouse. Hamish Douglass made it a reality, and now it’s up to Chris Mackay to save it.
In September 2006, two investment bankers assembled the who’s who of Australian business to rescue a struggling investment company controlled by the Turnbull family.
An $80 million recapitalisation plan for Pengana Managers was backed by James Packer and Naomi Milgrom of the Sussan Group.
Jonathan ShapiroSenior reporterJonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
