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Showing 121 - 130 of 445 results for "Performance fee"

Ex-Pengana staff launch boutique

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
Five former Pengana staff members have emerged to launch the boutique, Pella Funds Management. Pella's chief investment officer Jordan Cvetanovski and managing director Steven Glass have set up shop following their surprise exodus in March. Former Pengana ...

New equities fund at Australian Ethical

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
... seven and 10 years, charging management fees of 0.80% per annum and additional estimated costs of 0.05% plus a performance fee of 15% of outperformance net of management fees. The benchmark unaware fund is currently invested in Bendigo Bank, NIB, Cochlear ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... figures come after Magellan reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million in its full-year results. In its funds management business ...

Loomis Sayles lists active ETF

KARREN VERGARA  |  FRIDAY, 1 OCT 2021
... Equity Fund are both available to Australian investors for an ongoing management fee of 0.99% per annum with no performance fee as of October 1. This sees ongoing management fees for the unlisted fund drop from 1.23% p.a. Riley said: "I'm very pleased ...

Magellan director steps down

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... full year results, Magellan reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. In its funds management business, performance fee revenue ...

Record FUM growth at Australian Ethical

ELIZABETH MCARTHUR  |  THURSDAY, 26 AUG 2021
Fund manager and super fund Australian Ethical enjoyed record annual growth in its funds under management and announced a dividend in its results. With net inflows of $1.03 billion during the year driving FUM up to $6.07 billion, the company announced ...

VGI Partners posts $43m in June half profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
The $3.2 billion Sydney boutique posted statutory net profit after tax of $43 million for the six months ending June. VGI Partners' normalised NPAT was $42.9 million for the June half and deducts unrealised fair value gains on investments and adds ...

Perpetual hires distribution lead, ramps up expansion

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
Perpetual is reaping the benefits of its new acquisitions, hiring a new distribution director to continue its global expansion strategy. Jan Hein Alfrink joined the offshore business Perpetual Asset Management International (PAMI) this month as director ...

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
Magellan Financial Group reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. MFG ended FY21 with $103.7 billion in average funds under ...

New equities LIC heads for the ASX

KANIKA SOOD  |  MONDAY, 16 AUG 2021
A Sydney boutique is looking to raise $25 million for a listed investment company that will invest in local and global stocks. Lanyon Asset Management will run the offer from September 13 to September 24, priced at $5 per share to raise a total of $25 ...