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Showing 11 - 20 of 240 results for "Performance fees"

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... Strategy which outperformed the benchmark over the second half of the financial year and made $11 million in performance fees. "These figures reflect the changes the company has experienced over the recent past, and the reduction in funds under management ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... to $237.1 million in H1 2023, predominantly driven by management fees. A smaller portion of revenue comes from performance fees, charged only when select clients and fund investors exceed specific investment benchmarks. Amid ongoing investments in talent ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... group reported net profit after tax of $76.5 million, which was steady from $76.4 million in the prior year. Performance fees earned were also relatively steady at $58.2 million, delivered by 11 out of 15 affiliates. Pinnacle's share of affiliate ...

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... Group integration, progress was deemed to be going well, with synergies tracking to plan. During the quarter, performance fees of $3.2 million were earned, mainly in Pendal strategies.

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... copped a $232 million loss to its net outflows over the 2023 financial year and told investors it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) and said the June outflows ...

Nuveen, Commonwealth Private partner to launch REIT

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... Australia." Nuveen said the listed real estate strategy offers monthly liquidity via a share repurchase plan with no performance fees. The REIT also provides resiliency across market cycles through selective investments into commercial real estate debt ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... around 30% over the first half result, ranging from $6.3 to $6.8 million. This will see a full-year UPAT, before performance fees for the year ending 30 June 2023 of $11.3 to $11.8 million. "Stronger revenue and disciplined cost management have contributed ...

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... WCCF1 & WCCF2 have returned 10.56% p.a. and 15.18% p.a. respectively after management fees and costs and before performance fees. Wingate managing director of corporate investments Selwyn Schroeder said the new fund builds upon the first two corporate ...

Pacific Current Group buys stake in PE firm

CHLOE WALKER  |  TUESDAY, 11 APR 2023
... (Cordillera). The $44.9 million deal will see PAC take on 16.4% of Cordillera's revenues, both management fees and performance fees, and 24.9% of the proceeds in the event of a sale. PAC estimates that its investment will provide between $3.0 million ...

AMP completes infrastructure equity business sale

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... a $521 million cash payment received from DigitalBridge, $57 million from retained estimated future carry and performance fees, and $4 million of gains on foreign exchange hedges. Additionally, AMP remains eligible for a potential cash earn-out of up ...