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Showing 151 - 160 of 296 results for "Performance fees"

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... volumes of initial advice fees and the cessation of ongoing service fees in February 2019. As a result of lower performance fees and AUM, CFSGAM's bottom line dipped 18% to $240 million. CBA also announced today it will shut down Financial Wisdom. ...

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... Base management fees grew by 47.4% over the previous financial year as the funds under management swelled but performance fees were down. Total revenue from its affiliates was $236.8 million this year. Of this about 6.5% or $15.3 million was in performance ...

Pengana adds fee class for global equities fund

KANIKA SOOD  |  THURSDAY, 1 AUG 2019
... Pengana has traditionally offered the fund to financial advisers at a flat 0.974% management fee per annum, with no performance fees. It has now created an additional fee class that gives advisers and investors the option to invest in the strategy with ...

Macquarie asset management business down

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
... compared with the prior corresponding period, Macquarie Asset Management (MAM) was down mainly due to the timing of performance fees and higher operating expenses following recent platform acquisitions; corporate and asset finance (CAF) was down due ...

VGI Partners' dual pitch to investors

KANIKA SOOD  |  WEDNESDAY, 15 MAY 2019
... tripling in three years. Last year, VGIs funds collected about $19 million in management fees and $25 million in performance fees. The $75 million raise will represent on following completion of the offer, approximately 20% of the issued Shares of VGI ...

Pendal profits plunge, advisers remain positive

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
Pendal Group attracted $100 million net in adviser money in the first half, even as lower performance fees from its funds dragged down the first half results. Pendal reported a cash net profit after tax of $84.5 million, down 26% over 1H18. This slump ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... million - 20% lower than the prior corresponding period. This was largely due to lower revenue, average FUM and performance fees earned. Perpetual Private recorded $2.5 billion in FUA for charitable trusts and endowment funds; before-tax profit was 2% ...

Perpetual thinks outside value investing

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
... million, 20% lower than the prior corresponding period. This was largely due to lower revenue, average FUM and performance fees earned. Total FUM was down 10% to $27.7 billion. "We will be delivering new investment vehicles to market and actively pursuing ...

Challenger adds new boutique

KANIKA SOOD  |  WEDNESDAY, 13 FEB 2019
... Investment Partners (about $19 billion in FUM). Together, they brought in $75 million in normalised net income. Performance fees collected at Fidante Partners fell $4 million.

Profit downgrade hurts Challenger

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... results, Challenger's bottom line was $198.5 million. Its funds management division, which earned $2 million in performance fees, are $4 million lower than the prior corresponding period. Challenger flagged its life business, which comprises annuities ...