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Showing 261 - 270 of 735 results for "responsible entity"

Evans and Partners looks to delist LITs

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... is seeking the nod from shareholders to convert its LITs to open-ended funds and to switch to Perpetual as responsible entity. The largest of these is the $279 million Evans & Partners Global Disruption Fund (EGD), followed by the $155 million Global ...

IAPF to acquire management rights for $40m

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
... to the existing facility agreement of IAPF," the fund said. The fund said the independent directors of the responsible entity unanimously recommend the proposal and suggests unit holders vote in favour. "The independent directors believe that the long-term ...

Ausbil drops fees on global equities fund

KANIKA SOOD  |  THURSDAY, 8 OCT 2020
... effective October 1. The old 1.05% yearly management cost included a 0.82% management fees, about 0.05% in responsible entity fees and about 0.18% in indirect expenses. Ausbil has now reduced the management fee to 0.75% per year and removed both the ...

360 Capital succeeds in LIC raid

KANIKA SOOD  |  THURSDAY, 10 SEP 2020
... the Australian Enhanced Income Fund (AYF) yesterday afternoon approved 360's attempt to replace current responsible entity, Elstree Investment Management, with 360 Capital Funds Management. The Australian Enhanced Income Fund (AYF) was listed on ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... provide ASIC with quarterly data and comply with all other conditions of the relief. A fund is frozen when the responsible entity has suspended or cancelled redemptions to prevent withdrawals from destabilising their fund, leaving investors without access ...

Centuria acquires industrial assets

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... added two new assets to its Industrial REIT stable, which it acquired for a combined $32.5 million. As the responsible entity of the ASX-listed REIT, Centuria Property Funds No. 2 acquired a Beacon Lightings purpose-built distribution facility in Melbourne ...

Equity Trustees rejigs two leadership roles

KANIKA SOOD  |  WEDNESDAY, 26 AUG 2020
... its key leaders to target markets of Australia and Europe, as it sharpened its focus on the corporate trustee/responsible entity market. "Russell has more than four decades of experience in the Australian market, strong client relationships and significant ...

Cashwerkz to launch funds incubator

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... assistance provided by Cashwerkz via its incubator Fund Income will include appropriate licencing using the responsible entity infrastructure of Trustees Australia - and will also extend to distribution to some of the world's financial services leaders. ...

Evans & Partners explore open-ended funds

ELIZA BAVIN  |  TUESDAY, 25 AUG 2020
... open-ended funds for its Global Disruption Fund and its Global Flagship Fund. Walsh & Company Investments, as responsible entity for both funds, said it is exploring changing both funds from a closed-ended listed unity trust to an open-ended unlisted ...

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... values and member unit prices. "Where valuations are uncertain for a material proportion of a fund's assets, the responsible entity needs to consider whether it is in a position to establish a reliable unit price. If not, the responsible entity may need ...