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Showing 241 - 250 of 461 results for "Performance fee"

New Pinnacle affiliate to manage Blue Sky LIC

KANIKA SOOD  |  THURSDAY, 18 OCT 2018
... extent possible. Alterum will charge a management fee of 1% p.a. (excluding GST) of the portfolio's NAV, and a performance fee of 7.5% of the fund's outperformance over a 8% p.a. fixed benchmark. In July, Pinnacle agreed to pay $46 million for ...

Analysts await next Magellan move

KANIKA SOOD  |  TUESDAY, 9 OCT 2018
Ratings houses have taken a broadly positive view on Hamish Douglass' decision to step down as chief executive of Magellan. On October 4 Douglass essentially swapped roles with the firm's chair Brett Cairns with Cairns appointed chief executive. ...

Boutique manager expands research team

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
... option of 1.5%) has returned 11.2% which is 0.2% above the benchmark MSCI AC World Accum Index (AUD). Class B (performance fee option, 1.10% plus 15% of excess returns over benchmark with a high watermark) has returned 2.3% above benchmark. The performance ...

Perpetual reports $140m profit, investments business dips

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
Perpetual has delivered a net profit after tax of $140 million for the financial year, as its private wealth and corporate trust units jumped in profits and the investments business dipped. The total NPAT is up 2% over FY17. Perpetual Investments profit ...

New fund to invest in "clean disruption" tech

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... benchmark. It is charging 0.99% in investment management fees and a cost of the funds under management at 1.71%. The Performance fee is 15% on the amount by which the fund outperforms the benchmark MSCI World net total return index ex Australia in Aussie ...

Magellan funds record $331m profit

KANIKA SOOD  |  THURSDAY, 9 AUG 2018
... out final and interim dividends based on 90-95% of profit after tax of the funds management segment (excluding performance fee) is expected to increase total cash dividend payout by 20% per annum, subject to regulatory approval. Magellan Group, as a ...

ARCO takes a net short on Australian financials

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
... wholesale expertise. ARCO's funds have a capacity of $650 million. They charge 1% in management fee and 20% in performance fee. Since the September, 2008 inception, ARCO Absolute Trust has returned 8% to the market's 7.1%. The fund's volatility ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
ASIC has welcomed an independent report proposing 34 changes to fee transparency for superannuation funds and managed investments under Regulatory Guide 97. The report, prepared by managed investments and super regulation veteran Darren McShane, engaged ...

Pendal Group appoints director

KANIKA SOOD  |  MONDAY, 2 JUL 2018
... May, Pendal Group reported a 30% increase in its net profit the previous year, totalling $114 million. It said performance fee revenues jumped 70% in the six months to March 31. With today's appointment, Pendal Group's six-person board includes: Andrew ...

Aussie fund manager drops fees

KARREN VERGARA  |  WEDNESDAY, 27 JUN 2018
... Cap Fund dropped from 2.05% to 1.31%. Performance fees for the three funds went from 20.5% to 15.38%, and the performance fee hurdle rate for the international and small cap funds increased to 6% per annum. K2 told the ASX at the time: "Our approach ...