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Showing 41 - 50 of 225 results for "listed investment company"

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... which includes the reimbursement of project costs. Clime recently made an off-market takeover bid for listed investment company CBG Capital (CBC). The merger is anticipated to create a $137.2 million Australian equities LIC. CAM shares traded at 94 cents ...

VGI Partners readies $1bn Asian fund

KANIKA SOOD  |  MONDAY, 5 AUG 2019
... fund is readying a new Asia-focused equities LIC with Crestone on board as a lead joint manager. The listed investment company, to be called VGI Partners Asian Investments (ASX: VG8), is expecting to open the offer for ordinary shares at $2.50 per this ...

Sandon Capital acquires stake in LIC

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
... investment manager Sandon Capital Investments has entered into an agreement to acquire a stake in a listed investment company. ASX-listed Sandon Capital is expected to acquire nearly 53 million shares in Mercantile Investment Company (MVT), which represent ...

VGI Partners' dual pitch to investors

KANIKA SOOD  |  WEDNESDAY, 15 MAY 2019
The Sydney hedge fund manager is raising $300 million for an existing listed investment company and $75 million to list its wider business. VGI Partners Global Investments Limited (ASX: VG1) completed a $98 million placement to sophisticated investors ...

Franking changes feared by shareholders

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
Shareholders of a listed investment company fear Labor's proposed franking credit changes will hit them hard. The Australian Foundation Investment Company said a survey of its shareholders reveals they expect to be heavily affected by the changes to ...

Channel Capital head of retail departs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... retail distribution rights for the US-based strategy in Australia. It has raised $160 million across a listed investment company and an exchange traded managed fund, and is soon to launch an unlisted trust. "Leeshen's got deep relationships in the ...

Pinnacle boutique opens LIT offer

KANIKA SOOD  |  MONDAY, 11 MAR 2019
... companies. It currently has $3.4 billion in funds under management. This is the boutique's second listed investment company. In 2017, Metrics listed the MCP Master Income Trust (ASX: MXT). MXT's portfolio is lower risk with investments spread ...

Platinum LIC posts $29m in losses

KANIKA SOOD  |  WEDNESDAY, 20 FEB 2019
... Capital Limited posted $29 million in net losses after tax for the half year ending December 31. The listed investment company (ASX: PMC) has $446 million in funds under management, invests in developed and emerging markets businesses, and is managed ...

AFIC director retires

DARREN SNYDER  |  FRIDAY, 18 JAN 2019
... company's investment committee and nomination committee. She has been a director at Australia's oldest listed investment company since July 2013. In an ASX statement, AFIC said Hey had been "a valuable contributor to board and executive discussions reflecting ...

8IP signs on Sanlam Private Wealth

KANIKA SOOD  |  TUESDAY, 15 JAN 2019
... Private Wealth previously acquired 40% of 8IP, the latter said in company filings for its emerging markets listed investment company (ASX: 8EC). 8EC chair Jonathan Sweeney said Sanlam's arrival doesn't change the investment team or strategy. 8IP was ...