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Showing 281 - 290 of 735 results for "responsible entity"

Boutique to remediate clients

KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... the payment of certain fund related expenses in addition to the management fees disclosed in the PDS," the responsible entity Equity Trustees said in communication sent to investors. Alpha was to remedy the error by making a one-off adjustment in the ...

Plato fund to shutter

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... FY19. By end of April, 2020 its assets had fallen to $19 million. On May 25, Pinnacle Fund Services, as the responsible entity, decided it was unlikely to achieve the scale required to the sustain costs of operating the fund and invest according to its ...

Sydney boutique shutters fund

KANIKA SOOD  |  THURSDAY, 28 MAY 2020
... options trader Simon Ho, was terminated on Saturday by a GSFM Funds Management subsidiary which acts as its responsible entity. The fund's assets dwindled by $3.21 million from March end to April end. Clients who invested in the fund at its inception ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... adequate professional indemnity insurance cover." Meanwhile, ASIC has revoked its suspension of Sydney-based responsible entity Ausfunds Management's ASFL. ASIC said it revoked the suspended Ausfunds' AFSL because it had breached its licence by failing ...

Prodigy boutique to continue

KANIKA SOOD  |  FRIDAY, 8 MAY 2020
... Prodigy's three boutique partners (Dalton Street Capital and Equus Point Capital) wound up their funds while the responsible entity Equity Trustees was considering alternative arrangements for small caps manager Flinders. Soon after the March 18 ...

Netwealth, Ironbark partner

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... provide private label managed account managers with the option to build their portfolios with Ironbark as the Responsible Entity (RE). "At Netwealth, we seek to support a variety of business models and the new RE option provides managed account model ...

Ironbark fund rating under review

KANIKA SOOD  |  TUESDAY, 21 APR 2020
... of 4%-6% and an equity beta below 0.25. Lighthouse Partners selects the managers while Ironbark acts as the responsible entity. The fund has been around since 2001 and has delivered strong long-term performance. The 10-year performance to December end ...

AMP Capital shutters global equities fund for platform investors

KANIKA SOOD  |  TUESDAY, 21 APR 2020
... - growth fund for platform investors (Class M) was closed last Friday. The decision was taken by the fund's responsible entity, National Mutual Funds Management Limited. "A reduction in the fund's size over time combined with certain fixed costs associated ...

Boutique buys out Bennelong

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... outcomes for our clients." Wheelhouse has agreed terms with new distribution partners and has appointed a new responsible entity for its offerings, which will be announced later this month. The team also plans to launch an Australian equities focused ...

OneVue marks territory on Sargon sale proceeds

KANIKA SOOD  |  MONDAY, 6 APR 2020
... currently running the sales process for the assets of eight Sargon subsidiaries which house its trustee and responsible entity businesses, which was previously announced to be set for a completion by or around March 31. OneVue has previously said it ...