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Showing 131 - 140 of 445 results for "Performance fee"

Pinnacle NPAT doubles in FY21

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
... institutional clients (including some that invest in more than one strategy) at June end, up from about 60 five years. Performance fee revenue across seven boutiques for the year was $86.2 million, of which Pinnacle's post-tax share was $19.5 million. ...

Pendal open to more acquisitions

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley. Pendal announced the 100% acquisition in May, paying about $414 ...

BlackRock hits US$9.5tn milestone

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
BlackRock's assets under management reached a record US$9.5 trillion ($12.8tn), cementing it further as the world's largest fund manager. The June quarterly update showed exchange-traded funds continue to be a driving force for the fund manager ...

Pendal FUM up $5bn

KANIKA SOOD  |  THURSDAY, 15 JUL 2021
ASX-listed Pendal reported a $5 billion increase in funds under management in the June quarter, after outflows of $0.7 billion. The fund manager's June end FUM stood at $106.7 billion, as higher markets and currency impact added $5 billion over ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
Magellan Financial Group reported $351 million in net outflows in the June quarter. This included $260 million in net retail outflows and $91 million in net institutional outflows. Magellan ended the June quarter with $113.9 billion in total FUM, up ...

Milford lowers fees

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
... Growth Fund - W Class. Fees will drop from 1.13% per annum to 0.9% per annum. Milford has also elected to cap the performance fee for its W Class at 0.95% per annum and increase the distribution frequency of this fund to bi-annual. "Since joining Milford ...

SG Hiscock introduces medical tech fund

JAMIE WILLIAMSON  |  TUESDAY, 29 JUN 2021
The boutique fund manager is launching a new social impact fund that will invest in Australian and New Zealand medical technology companies. The SG Hiscock Medical Technology Fund aims to provide long-term capital growth via a portfolio of innovative ...

L1 Capital launches activist fund

KARREN VERGARA  |  TUESDAY, 15 JUN 2021
... based on the net asset value, while the retail class charges a management fee of 1.28% p.a. Both classes carry a performance fee of 20.5% if the fund's performance exceeds the S&P ASX 200 Accumulation Index (after management fees and expenses). Hawkins ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... half a million dollars in it. The long/short actively managed ETMF has a management fee of 1.38% per annum, a performance fee of RBA cash rate plus 5% with high water mark and a minimum 6% per annum yield paid quarterly. Three-year returns after fees ...

BlackRock rejigs Aussie shares fund

KANIKA SOOD  |  MONDAY, 7 JUN 2021
... class. BlackRock also dropped the feed for its D class (the platform class) from 85bps to 70bps per year. The performance fee remains the same but will now be charged on net (of management fees) returns rather than on gross returns. The fund is managed ...