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Showing 1 - 10 of 240 results for "Performance fees"

Regal shutters East Point AM

KARREN VERGARA  |  TUESDAY, 9 APR 2024
... Australian Small Companies and Tactical Opportunities," Regal said. As of January 1, the rebate on management and performance fees for staff capital managed in respect of Regal Funds Management was slashed from 100% to 50%. "The relevant capital was ...

Large-cap equity funds continue underperformance: SPIVA

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... across passive and active managers. "It's really hard for long equity managers to actually charge clients on performance fees. It's almost non-existent now. If you're a hedge fund pursuing an absolute-return strategy, yes, it's standard ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... with the group saying this is tracking in line with full-year guidance of up to $102.5 million. They added that performance fees for the half were not meaningful, characterising them as lumpy and unreliable. With the global equities business seeing the ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... related to Keystone; and contain misleading statements about how diversified the fund is. ASIC also said potential performance fees are not adequately disclosed; inappropriate asset classifications to describe investments in the underlying funds and ...

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... on year to $23.7 million, while net profit after tax was steady at $30.2 million. As flagged in early January, performance fees earned by affiliates contributed $12.3 million to NPAT. Pinnacle also announced that it wrote down $3.4 million for its stake ...

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
While its affiliates delivered $41.9 million in performance fees, Pinnacle Investment Management said several detractors, such as a write down of OpenInvest, could dampen its half-year results. In a 2024 half-year reporting update, the ASX-listed firm ...

Morningstar reveals Australian equities upgrades, downgrades

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
... restrictions on sectors or stocks. Platypus Australian Equities slipped following its relatively high cost of realised performance fees.

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... costs for its Socially Responsible Investment - Balanced option are now "materially higher", blaming increased performance fees. The industry fund recently updated its Product Disclosure Statement (PDS) to reflect the fees and costs incurred last financial ...

Macquarie appoints Byres, half-year results decline

KARREN VERGARA  |  FRIDAY, 3 NOV 2023
... foreshadowed timing of asset realisations in green investments, and an increase in operating expenses. Base and performance fees were broadly in line with the prior corresponding period," Macquarie managing director and chief executive Shemara Wikramanayake ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... interest rates. "Property FUM grew $6.2 billion to $71.0 billion, and our operating earnings ex-transaction and performance fees grew strongly, reflecting growth in FYM, the benefits of scale and our diligent focus on costs," Harrison said. "We delivered ...
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