The boutique firm has lured Perennial's Diane Lin and Charles Stodart as it steps up its focus in Asia.
Former Perennial managers have joined Pengana as the firm plans to increase its efforts in Asian equities.
Perennial's previous head of Asia Diane Lin and former portfolio manager Charles Stodart will join ex-Rubicon investment managers, Antonio Meroni and Tony Wolfe.
Wolfe and Meroni will manage an Asian special events fund for Pengana.
All four have a significant stake in the business, according to Pengana chief executive Russel Pillemer
"All our managers have a significant stake in our business. It is fundamental to our operation," he said.
Lin and Stodart will be managing an Asian long/short fund. The fund will be targeted to institutional and hedge fund investors.
"Pengana believes that the Asian region will provide growth opportunities for the future. We plan to build our expertise and networks in that space," Pengana head of distribution Denis Caroll said.
Lin and Stodart left Perennial on March 14. Lin had worked for Perennial for just over eight years.
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