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Showing 31 - 40 of 240 results for "Performance fees"

Alphinity lowers global equities fund fees

JAMIE WILLIAMSON  |  THURSDAY, 7 APR 2022
... net of RITC. The decision to reduce the fees follows a review by Alphinity and Fidante, the responsible entity. Performance fees will remain the same, Alphinity said. "Both Alphinity and Fidante Partners are focused on ensuring costs to investors remain ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... permanent capital losses." The group earned management fee revenue of $352.3 million, up 13% year on year, while performance fees of $11.4 million were 8% lower. Magellan's share price traded at $20.66 at the time of writing, a shadow of its $73.67 ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... however, was up 53% to $356 million, boosted by AMP Bank earnings and the release of provisions, together with performance fees earned by AMP Capital. AMP's Australian wealth management business, which comprises platforms, master trusts, and SuperConcepts ...

Pinnacle hires retail distribution lead

KARREN VERGARA  |  MONDAY, 7 FEB 2022
... half-year to December 2021. Total NPAT for the period jumped 32% year on year, with some $6.4 million emanating from performance fees. Pinnacle now has 16 affiliates with a combined funds under management of $93.6 billion, growing 33% year on year. Its ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
... the half-year to December 2021. Total NPAT for the period jumped 32% year on year; some $6.4 million came from performance fees. Pinnacle now has 16 affiliates with a combined funds under management of $93.6 billion, growing 33% year on year. Its share ...

Strongest quarter for BlackRock

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
... active strategies. The record organic growth for BlackRock means a 20% increase in full year revenue and record performance fees. Its earnings per share (EPS) was 16% higher for the full year as adjusted diluted EPS. BlackRock returned a total of $3.7 ...

Tough quarter for Pendal

ELIZABETH MCARTHUR  |  FRIDAY, 14 JAN 2022
... quarter in terms of our flows. However, we are responding with a clear set of actions and have delivered strong performance fees in line with those recorded in a prior year," Pendal chief executive Nick Good said. "Pendal continues to invest in distribution ...

Downward fee trend hits ESG

ELIZABETH MCARTHUR  |  MONDAY, 22 NOV 2021
... research also found management fees for renewable energy infrastructure strategies have fallen by 8% since 2016 and performance fees have also declined. However, fees for infrastructure strategies and private market strategies outside of renewables have ...

Pendal recovers losses

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... average funds under management grew 14% to $107.9 billion. Fee revenue was also up by 23% to $581.9 million with performance fees jumping to $57.5 million from $13.4 million. The base fee margin remained steady at 48bps. Pendal will pay a final dividend ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... figures comprise operating costs and look-through costs, which cover expenses such as investment management and performance fees incurred. In the latest financial year results, three out of four areas drove up costs for the sovereign wealth fund: agency ...