Ex-Antipodes fundie surfaces at PAC Capital
Funds management upstart PAC Capital is starting to throw its weight around with two key hires.
Street Talk understands the $500 million hedge fund has lured ex-Antipodes portfolio manager and founding partner Sunny Bangia to its Macquarie St offices, hailing a shift in direction for the esports-centric firm to global equities.
There, he’ll assume the role of chief investment officer of PAC Global Equities, leading PAC’s global equity division and overseeing the long and long/short global equity strategies. Bangia is expected to build out the global equities team to five over the next year.
PAC Capital’s global equity duo Sunny Bangia (left) and Clayton Larcombe (right).
The manager has also added Pendal account manager David Bolsom to its distribution roster. He brings 25 years of experience in financial services, having worked at Fidelity, Deutscher Bank and AMP.
“The vision for the future of PAC Capital is to offer a client-centric, diversified portfolio with the capacity to uncover opportunities unconstrained by traditional funds,” founder and CEO Clayton Larcombe told Street Talk.
“Sunny has a talent for finding stable, long-term value, he brings a heightened level of sophistication to the investment team and is the perfect complement for PAC at this stage.”
Bangia formally left Antipodes at the end of May after eight years, as first reported by Street Talk, and sold his equity stake. His resume includes stints at Platinum Asset Management, Westpac and Goldman Sachs.
PAC Capital was founded by Larcombe in 2018 to deliver investors access to the fast-growing global esports and gaming tech thematic via a wholesale esports venture fund.
In 2022, it hit the retail funds market, launching two global equity funds – an
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