Aug 4, 2026 – 8.00pmA long-running feud between Pengana Capital’s Russel Pillemer and Wilson Asset Management’s Geoff Wilson has escalated after the latter upped his stake in an underperforming listed investment company run by his rival amid court proceedings that could determine its future existence.Filings released to the ASX show Wilson has increased his stake in Pengana International Equities, also known as PIA, from 8.54 per cent to 11.83 per cent through his superannuation fund Dynasty Peak. Pillemer and Wilson, who has been a director at PIA since October, are at loggerheads over the future of the $338 million investment company.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles