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Showing 231 - 240 of 461 results for "Performance fee"

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 ...

Challenger adds new boutique

KANIKA SOOD  |  WEDNESDAY, 13 FEB 2019
Challenger's multi-boutique asset management business has taken a minority stake in a new alternatives manager. Fidante Partners will take over the distribution and marketing of London-based FME Asset Management (Financial Markets Engineering), in line ...

Profit downgrade hurts Challenger

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
Challenger shares dropped by 17% overnight after recently appointed chief executive Richard Howes flagged a profit downgrade. Challenger's share price plunged from $9.23 to about $7.65 on the back of lower-than-expected December 2018 half-year results. ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
Under new proposed changes by the corporate regulator, consumers will be able to compare superannuation funds and investment products more easily. ASIC released its response to Report 581, an independent review conducted by regulatory expert Darren ...

Pinnacle drops fees in Blue Sky fund bid

KANIKA SOOD  |  MONDAY, 5 NOV 2018
... total, with a no-fee period of existing investments until 1 July 2019. This gets rid of the earlier proposal's performance fee of 7.5% of the fund's outperformance over an 8% pa fixed benchmark. Second, Pinnacle has also amended the initial fixed ...