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Showing 101 - 110 of 460 results for "Performance fee"

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The fund manager has reported operating earnings of $441.2 million for FY23, down about $100 million from the year prior. Its statutory profit after tax was $196.1 million, down a significant 78.5% on the previous year. Full year distributions totaled ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... FUM that suffered a 46% drop from $39.1 billion to $21.3 billion year on year. While it earned management and performance fee revenues of $339.2 million, this was a shadow of the $600.1 million reported in FY22. Statutory net profit after tax of $182.7 ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
GQG Partners' funds under management (FUM) has surged to $104.1 billion as of June 30, reflecting 20.1% growth year on year. In an ASX announcement, GQG attributed FUM growth to $6.2 billion of net inflows and strides in the global equity markets. The ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
Pinnacle Investment Management was able to buffer wider economic shocks to maintain its profitability, reporting modest inflows and funds under management growth in the 2023 financial year. The ASX-listed firm, with its 15 affiliates, saw FUM of $91.9 ...

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
In a Q4 2023 business update, Perpetual reported assets under management (AUM) of $212.1 billion, a 0.8% increase on the prior quarter. Perpetual credited positive markets and strong investment performance for contributing to an uplift of $4.5 billion ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
Platinum Asset Management has copped a $232 million loss to its net outflows over the 2023 financial year and told investors it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
... will pay distributions of approximately $0.3 billion in July. This figure will be reflected in the fund's FUM and performance fee update for next month. According to Rainmaker research, the fund manager bled $6 billion in the year to March. In April ...

Nuveen, Commonwealth Private partner to launch REIT

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
The Nuveen Global Cities Real Estate Fund is the asset managers' first locally domiciled unit trust for Australian private wealth clients. The new vehicle serves as an Australian-domiciled feeder into Nuveen's listed global cities real estate ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
Australian Ethical has chosen GROW Technology Services as its superannuation administration provider, marking the start of a multi-year transition. In a business update, Australian Ethical explained that following its merger with Christian Super, its ...

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
The alternatives fund manager has launched its third credit fund to wholesale investors that invests in corporate debt opportunities in Australia and New Zealand. Wingate Corporate Credit Fund 3 (WCCF3) targets net pre-tax returns of over 10% per annum. ...