The Pengana Asia Special Events Offshore Fund employs an event-driven investment strategy that seeks to exploit the mispricing of securities of companies involved in corporate transactions within the Asian (including Japan and Australia) region. The Fund invests in events such as mergers and acquisitions, corporate reorganizations, capital management initiatives, index changes, earnings surprises, equity-capital structure arbitrage, holding company arbitrage and directors' trades. Where appropriate, investments in these situations will be combined with the systematic hedging of broad market risk. The Fund aims to provide investors with consistently positive annual returns irrespective of Asian stock market conditions. Wholesale investors only. AUM reflects the aggregate of the various share classes and is denominated in USD.