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Showing 21 - 30 of 225 results for "listed investment company"

Benchmark-lagging LIC faces strategic review

ALLY SELBY  |  TUESDAY, 6 OCT 2020
A listed investment company with a 33-year history has announced its board will now undertake a strategic review of the fund's structure and operations, after an extended period of poor returns. The Templeton Global Growth Fund (ASX: TGG) returned -11.38% ...

Contango approves new WCM strategy

ALLY SELBY  |  MONDAY, 21 SEP 2020
The board of listed investment company Contango Income Generator (ASX: CIE) has voted in favour of adopting a new strategy which will see the portfolio managed by an $85 billion California-based global and emerging markets equities manager. The board ...

WAM makes LIC takeover bid

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
Wilson Asset Management has made an off-market takeover bid for geared listed investment company Concentrated Leaders Fund (CLF) as a result of its ongoing poor performance and management woes. WAM is offering shareholders two of its shares for 3.7 ...

LIC seeks conversion to ETF

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
In a rare move, a listed investment company is looking to convert to an ETF in an attempt to close discount for investors. The Monash Absolute Investment Company (MA1) wants to restructure to an exchange traded managed fund (ETFMF) to re-set the market ...

WAM names new board member

ALLY SELBY  |  THURSDAY, 3 SEP 2020
... general meeting in November later this year. WAM founder and chair Geoff Wilson welcomed Pancino to the listed investment company. "Matthew is a noted technology, operations and transformation expert with 30 years' experience gained in leading organisations ...

Hearts and Minds donates almost $10m to charity

ALLY SELBY  |  TUESDAY, 1 SEP 2020
Listed investment company Hearts and Minds Investments (ASX: HM1) will donate $5.1 million to 10 charities this week, in addition to the $4.1 million it already donated in March. HM1 and its participating fund managers forego any investment or management ...

WAM makes proposition plans public

ALLY SELBY  |  WEDNESDAY, 19 AUG 2020
Wilson Asset Management has made public its bid to manage listed investment company Contango Income Generator (ASX: CIE), after the investment manager failed to respond to WAM's initial proposal. It comes after the manager of the fund, Contango ...

Hearts and Minds but no ratings

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... well as a three year track record. Independent research house Zenith, in particular, cannot rate the listed investment company, as its founder is also Hearts and Minds' chair; a clear conflict of interest. "I've got a little bit of a bugbear ...

Ellerston LIC chair resigns

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... Investments (EAI) will now be chaired by Bill Best, who has been an independent non-executive director at the listed investment company's board since late 2018. Jacob remains a shareholder of EAI, with about 1.3% of the LIC's total shares (unchanged ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
Listed investment company Argo Investments' profit has taken a dive, falling 24.4% from the previous period. Yet Argo has maintained its half-year dividend at 16 cents per share fully franked. The company announced a half-year profit of $118.8 million ...