Two former QIC staffers have resurfaced at diversified fund manager Pengana Capital (Pengana).

Greg Clarke has joined the company to oversee its multi-manager operations.

Previously, Clarke was the head of implemented equities at QIC. He voluntarily resigned in June 2009, seven months after taking up the position. He has also performed senior roles at AMP and Mercer.

At Pengana he will work to extend the fund's strategies in the multi-manager space and will work closely with Pengana chief investment officer Nick Griffiths.

Also joining Pengana from QIC is Kevin Wan Lum, who will take up an offshore marketing and client management role with Pengana's global volatility fund.

According to a Pengana statement, Wan Lum will work with Pengana executive director Simon Poidevin to help grow the fund's assets under management.

Wan Lum was a portfolio manager at QIC in Clarke's team. He also has investment experience in the UK and the Netherlands.

"We are delighted to have Greg and Kevin join the Pengana team. Both Greg and Kevin bring with them enormous industry experience and first-rate investment credentials," Pengana chief executive Russel Pillemer said.

"This will be a very exciting year for Pengana, with our strategies continuing to deliver very strong performance.

"During 2010 in particular, it will be important for investors to be in strategies which can extract real value out of what looks to be quite volatile markets."