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Showing 331 - 340 of 461 results for "Performance fee"

BTIM posts record profit

MARK SMITH  |  THURSDAY, 30 OCT 2014
BT Investment Management (BTIM) has more than doubled its end of year cash net profit after tax on last year to post a record $127 million. For the 12 month to end of September, statutory NPAT was up 137% to $121.5 million and cash earnings per share ...

Prime Value Opportunities Fund added to BT Wrap

MARK SMITH  |  THURSDAY, 24 JUL 2014
Boutique Australian equities manager, Prime Value Asset Management, has had its concentrated Prime Value Opportunities Fund accepted onto the BT Wrap platform. The Prime Value Opportunities Fund invests in a concentrated portfolio of equities. During ...

Star managers launch fund-of-funds in support of children's charities

MARK SMITH  |  FRIDAY, 11 JUL 2014
More than a dozen of Australia's leading investment boutiques have teamed up to give investors access to their strategies through a single listed investment company that has no fees and donates 1% of assets to children's charities. The Future Generation ...

ASIC warns fund managers to fix fee disclosure

MARK SMITH  |  TUESDAY, 8 JUL 2014
The Australian Securities and Investments Commission (ASIC) has warned fund managers to get their act together to avoid inconsistent or false disclosure of fees to investors. The regulator has issued a report following an investigation into fee and ...

Investors Mutual gets in on LIC act

MARK SMITH  |  MONDAY, 7 JUL 2014
Investors Mutual will launch its first listed investment company (LIC) for investors looking for direct access to a ready-made diversified portfolio of Australian shares. QV Equities Limited (ASX: QVE) invests in companies outside the top 20 stocks ...

Beware high correlations: AQR

MARK SMITH  |  FRIDAY, 6 JUN 2014
... fees. They design leveraged strategies with high market beta so that when markets rise, they are able to charge a performance fee. However, when markets fall, these strategies tend to fall further while managers continue to collect above average fees. ...

BTIM posts strong half year numbers

MARK SMITH  |  WEDNESDAY, 30 APR 2014
BT Investment Management (BTIM) has reported an after-tax net profit of $83.1 million for the half year to 31 March 2014, up 143% on the same period last year. Statutory net profit after tax was up 243% to $78.3 million while cash earnings per share ...

Instos lose chasing high hedge fund returns

MARK SMITH  |  TUESDAY, 25 MAR 2014
... conditions, that's difficult and that's why they are expensive. You shouldn't be paying two and twenty [typical industry performance fee structure] for beta because you can get that virtually for free with passive funds, but when markets are rising like ...

Magellan High Conviction fund 'Recommended' by Zenith

MARK SMITH  |  THURSDAY, 31 OCT 2013
... that the Fund's currency exposures may be actively managed. The Fund applies a base management of 1.50%, with a performance fee of 10% applied on performance in excess of an absolute return of 10% p.a. (net of fees). "Zenith believes that the Fund represents ...

ASIC rescues lower risk products from 'hedge fund' label

MARK SMITH  |  FRIDAY, 4 OCT 2013
... characteristics: has a complex investment structure, makes use of leverage, uses derivatives, it shorts stocks or charges a performance fee. According to the report, these characteristics mean that investors in these funds can be exposed to more complex ...