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Showing 121 - 130 of 296 results for "Performance fees"

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
... Base fee margin slid by 1 bp to 48 bps, which the company attributed to change in asset mix during the year. Performance fees were up 130% to $13.4 million as 72% of Pendal's total FUM outperformed. Dividends for the year were down 18% from 45 cents ...

GSFM sizes up ETFs with Munro launch

KANIKA SOOD  |  MONDAY, 2 NOV 2020
... positions are 1.5% of NAV. The fees are same as the unlisted trust -- 1.35% per year in base fees plus 10% in performance fees above a high watermark and hurdle (10-year government bond yield plus 3.5% p.a). GSFM chief executive Damien McIntyre said ...

Future Fund asked to table detailed fee spend

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
... inched down in the last three years from 1.57% to 1.13%. The recent financial year saw the spend plunge 23% as performance fees went down during COVID-19. September quarter results saw 1.1% in returns, and 10-year performance now sits at about 9% p.a ...

Sydney boutique sharpens focus on HNWs

KANIKA SOOD  |  FRIDAY, 9 OCT 2020
... funds) and typical fee structures include an establishment fee (about 2%), funds management fees (about 0.5%) and performance fees on returns above a performance hurdle. "It is an area we are looking to grow. Certainly, [I] think over the next three ...

Multi-strategy fund launches

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... US$100,000 and offers daily liquidity without any lock-ins, redemption penalties or bid-offer spread. Management and performance fees are 1.5% and 20% respectively. Ferguson Hyams Investment Management (FHIM) is run by former UBS director Gideon Hyams ...

Tom Waterhouse now a fund manager

KANIKA SOOD  |  THURSDAY, 10 SEP 2020
... (like media and video gaming) that overlap with gambling. It is priced at 2% p.a. in management fees and 20% in performance fees above a high watermark (set for individual investors) and a buy/sell spread of +/- 1% of the net asset value, according a ...

ASIC delays RG97 again

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
... 2022 must comply with the new requirements, which must reflect more clarity in areas such as the disclosure of performance fees, significant event notice requirements, and the identification and treatment of derivative costs. The changes are also applicable ...

Winton fund looks to change fee structure

KANIKA SOOD  |  MONDAY, 7 SEP 2020
... that were carried forward. The fund is now looking to revise its base fees to 1.48% p.a. of the NAV. And the performance fees to 10.25% albeit on a new definition - that charges sit on net profits from all trading except cash, instead of the previous ...

VGI Partners profits tumble

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
... down from $24.2 million for the 1H19. Performance in the six months to June end eroded 7% from December end FUM. Performance fees went from $32.8 million in first half of 2019 to this half's $0.1 million. The boutique, which listed on the ASX last year ...

Perpetual profits plummet

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... tax of $55.4 million, down 31% compared to the previous financial year. Adams pointed to net outflows, lower performance fees, and market volatility for the decline. "Notwithstanding the challenging external environment, our active investment approach ...