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Showing 131 - 140 of 296 results for "Performance fees"

WAM makes proposition plans public

ALLY SELBY  |  WEDNESDAY, 19 AUG 2020
... significantly lower management fee and the requirement to recoup any prior underperformance before the payment of future performance fees, is superior than that endorsed by the CIE board of directors with the WCM proposal," he said. "We look forward ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... million, up 26% from previous year. This yielded $587 million in management fees (up 26%) and $81 million in performance fees (down 3%) as about 34% of its funds under management earned performance fees (33%). Expenses rose 15% to $116.8 million. Guidance ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... billion from instos and $1.5 billion from retail) for the period with strong fixed income and equity flows. Its performance fees were up $11 million but Europe transaction fees were down $4 million. Similar ASX-listed business Pinnacle Investment Management ...

Sydney Aussie equities manager trims fees

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... Contact, we co-invest with our clients, and we pride ourselves on charging the lowest fees among our peers." Performance fees remain the same at 15% on above benchmark returns (waived for any periods or negative return). The benchmark is S&P/ASX Mid ...

Pinnacle reports FY20 inflows, profits

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... putting people on ground outside of Australia, as first reported by Financial Standard. Five affiliated earned performance fees during the period, contributing $6.6 million to Pinnacle's revenue. Almost all of it was in the second half. Pinnacle ...

Garry Laurence to depart Perpetual

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
... funds in the future." Following the manager transition, Perpetual will drop the fees to 0.99% and get rid of performance fees. While the buy/sell spread will increase, the firm is estimating a reduction on transaction costs. Perpetual also said the funds ...

Legg Mason subsidiary cuts performance fees

ALLY SELBY  |  THURSDAY, 16 JUL 2020
A subsidiary of Legg Mason has cut performance fees for two of its value funds, after recording negative returns during the COVID-19 crisis. RARE Infrastructure, a listed infrastructure manager, removed performance fees on its value funds, both hedged ...

CFS drops fees on external fund

KANIKA SOOD  |  WEDNESDAY, 15 JUL 2020
... from 1.60% per year in base fee to 1.20%. Its wholesale class will go from 1.70% per year in base fees to 1.40%. Performance fees for both versions stay at 20%. The changes came into effect June 8. The strategy uses trend-following systems with exposure ...

Schroders readies private assets offering

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... good position to be buying assets," she said. The fees are set at 1.8% per year in total costs. There are no performance fees. "One thing we did when we started to think about this fund is we wanted it to be clean and transparent. That's something ...

Collapse of REITs spells opportunity: SG Hiscock

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... such as the more volatile income streams within the A-REIT index including development, funds management and performance fees. "We had been pushing up capitalisation rates and assigning lower multiples for other income sources." The global shut down ...