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Showing 101 - 110 of 240 results for "Performance fees"

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... million - 20% lower than the prior corresponding period. This was largely due to lower revenue, average FUM and performance fees earned. Perpetual Private recorded $2.5 billion in FUA for charitable trusts and endowment funds; before-tax profit was 2% ...

Perpetual thinks outside value investing

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
... million, 20% lower than the prior corresponding period. This was largely due to lower revenue, average FUM and performance fees earned. Total FUM was down 10% to $27.7 billion. "We will be delivering new investment vehicles to market and actively pursuing ...

Challenger adds new boutique

KANIKA SOOD  |  WEDNESDAY, 13 FEB 2019
... Investment Partners (about $19 billion in FUM). Together, they brought in $75 million in normalised net income. Performance fees collected at Fidante Partners fell $4 million.

Profit downgrade hurts Challenger

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... results, Challenger's bottom line was $198.5 million. Its funds management division, which earned $2 million in performance fees, are $4 million lower than the prior corresponding period. Challenger flagged its life business, which comprises annuities ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... which will be know be called the 'fees and costs summary.' ASIC is targeting stronger transparency around performance fees in which super funds and managed investment schemes should provide how it is calculated. As for periodic statements issued ...

Pinnacle drops fees in Blue Sky fund bid

KANIKA SOOD  |  MONDAY, 5 NOV 2018
Pinnacle has knocked off performance fees from its bid to manage the Blue Sky Alternatives Access Fund, bringing it in line with Wilson Asset Management's bid, according to LIC's directors. The two managers have put in proposals to gain the ...

Analysts await next Magellan move

KANIKA SOOD  |  TUESDAY, 9 OCT 2018
... note dated October 4 that did not speak directly to the management changes. "With solid flow momentum and 1H19 performance fees tracking ahead of UBS, MFG remains our top wealth management pick," UBS said. UBS has retained MFG's target price at $ ...

Perpetual reports $140m profit, investments business dips

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
... million, as the business' operating expenses increased. However, the increased costs were partially offset by higher performance fees, and the company maintained its market share in Australian equities during the year, the company said. "Market conditions ...

Magellan funds record $331m profit

KANIKA SOOD  |  THURSDAY, 9 AUG 2018
... topped last year's profits by 33% as Hamish Douglass' stable of well-performing funds continued to collect performance fees and new investor money. Magellan's funds management business now has $59 billion funds under management - up 29% over ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
... property operating costs; borrowing costs; transactional and implicit costs, and that performance-related and performance fees should be disclosed and calculated. With respect to performance fees, the report recommended whether these, as a component ...