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Showing 161 - 170 of 461 results for "Performance fee"

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

Local managed funds fee revenues shrinks

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
Wholesale managed funds reaped $4.5 billion in fee revenue in 2020 but average fees were down 6bps, according to new Rainmaker research. Rainmaker analysed more than 1000 managed funds which had $588 billion in total assets. The average fee wholesale ...

Pinnacle reports bumper first half

KARREN VERGARA  |  THURSDAY, 4 FEB 2021
... fees totaling $45.2 million (Pinnacle receives a cut of $11 million after tax). "The diversity of strategies with performance fee potential is now large (and growing), and performance fees of virtually every strategy are distinct from each other. Base ...

Aura hires executive from Challenger

KARREN VERGARA  |  FRIDAY, 22 JAN 2021
Aura Funds Management has appointed a former Challenger executive to lead its property credit fund. Shaun Fernando is a new director and portfolio manager for the firm's real estate credit strategy in Australia and is based in Sydney. Fernando was an ...

Hyperion makes foray into active ETFs

KARREN VERGARA  |  THURSDAY, 21 JAN 2021
... listed fund will have the same fee structure as the unlisted fund which is 0.70% per annum management fee and a 20% performance fee above the benchmark (MSCI World Accumulation Index). Lead managers Mark Arnold and Jason Orthman said the firm decided ...

BlackRock results reveal Aladdin trajectory

ELIZABETH MCARTHUR  |  FRIDAY, 15 JAN 2021
... BlackRock's active offering and there were close to record inflows to iShares ETFs. The quarter also capped off a record performance fee year for BlackRock, with $1.1 billion in performance fees earned over the year - more than double 2019 levels. A ...

Pendal reports $1.6bn in net outflows

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
Investors pulled $1.6 billion net from Pendal Group's strategies in the December quarter, but total funds under management grew 5.4% to hit $97.4 billion as performance picked up. The net outflows of $1.6 billion were mostly from the JO Hambro Capital ...

Hostplus axes manager

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
... switch to does have higher fees. Balanced Equity Management - Australian Shares has a management fee of 0.13%, no performance fee and a total investment fee of 0.13%. The Australian shares option has a management fee of 0.37%, a performance fee of 0.06% ...

Acadian hires from Macquarie

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
Acadian Asset Management is growing its research team with a new appointment. Steven Wong has been named vice president of research and associate portfolio manager. He will be responsible for researching Australian and global quantitative equity portfolios ...

Acadian reduces fees

ELIZA BAVIN  |  WEDNESDAY, 2 DEC 2020
Acadian Asset Management has reduced fees for several of the funds it, and its parent company, manage in Australia. The asset manager said in addition to reducing base fees, all performance fees have also been removed. "As a result of the changes, the ...