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Showing 211 - 220 of 445 results for "Performance fee"

Wealth firm backs new Perennial fund

KANIKA SOOD  |  THURSDAY, 30 MAY 2019
... five-year lockdown period and the minimum investment size is $100,000. Fees are a 1.5% p.a. management fee plus a performance fee above a 6.5% net p.a. hurdle. Perennial is raising a minimum of $50 million to $100 million max for a late July close. Perennial ...

New Perennial small caps active ETF

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... fee is 0.89% per annum of fund's NAV in investment management fee plus expense recoveries of up to 0.10% plus performance fee of 20% of the fund's net return in excess of the benchmark return of S&P/ASX Small Ords Accumulation Index. "We are seeking ...

VGI Partners' dual pitch to investors

KANIKA SOOD  |  WEDNESDAY, 15 MAY 2019
The Sydney hedge fund manager is raising $300 million for an existing listed investment company and $75 million to list its wider business. VGI Partners Global Investments Limited (ASX: VG1) completed a $98 million placement to sophisticated investors ...

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 ...

Boutique fund manager launches LIT

KARREN VERGARA  |  MONDAY, 29 APR 2019
... the ASX on 17 June 2019. In terms of costs, management fees sit at 1.50% per annum of the fund's NAV. A 20% performance fee (plus GST) is charged based on the portfolio's outperformance, the PDS shows. Regal chief investment officer Phil King ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
Perpetual has opened an offer to raise $150-$400 million for an actively-managed portfolio of credit and fixed income assets. The Perpetual Credit Income Trust (ASX: PCI) has met its $150 million minimum from indicative bids, the manager said. It has ...

Boutique fund manager drops fees

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2019
... dropping the management fee on its Premium Asia Fund by 45 basis points. This will sit alongside the removal of the performance fee, the firm said. The reduced fees will kick in on 1 July 2019 in what Premium China calls a significant step, given the ...

Global fund launches in retail market

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... based in China, Canada, Hong Kong, Japan and the UK. Management fees sit at 1.2% (plus GST). It does not charge a performance fee. The fund is co-managed by Loomis Sayles portfolio managers Eileen Riley and Lee Rosenbaum, who are based in Boston. The ...

Perpetual thinks outside value investing

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
Perpetual flagged it will broaden its investment strategy outside of value investing following a challenging first-half reporting period. Chief executive and managing director Rob Adams said the firm's investment management division Perpetual Investments ...

K2 posts losses, signs on distributor

KANIKA SOOD  |  THURSDAY, 14 FEB 2019
... performed poorly in the second half of 2018, wiping $8 million from its total revenues. As K2 funds underperformed, performance fee revenues shrunk from $7.6 million in the second half of 2017 to less than $11,000 for the comparable period in 2018. Growth ...