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Showing 21 - 30 of 132 results for "WAM"

Record FUA, revenue for Praemium

KARREN VERGARA  |  MONDAY, 14 FEB 2022
Despite reporting record growth in revenue and funds under administration, Praemium failed to make a profit in the half-year to December. The platform's revenue increased by 25% to $39.2 million, while total FUA increased by 43% to $49 billion. ...

Praemium reports key milestone achievement for 2021

CHLOE WALKER  |  MONDAY, 17 JAN 2022
Global investment platform Praemium has released key results in the December 2021 quarter, boasting record total funds under administration on both a domestic and intentional front. Key milestones from the quarterly report include inflows of $1.25 billion,including ...

WAM ups PAF takeover bid

KARREN VERGARA  |  WEDNESDAY, 12 JAN 2022
WAM Capital has upped its takeover bid for PM Capital's Asian equities strategy, which the latter flags it will accept. WAM said the $1.149 per share offer for every PM Capital Asian Opportunities Fund (PAF) share is "compelling" and represents a 3.5% ...

WAM to acquire two LICs

KARREN VERGARA  |  THURSDAY, 23 DEC 2021
WAM Capital will acquire two other listed investment companies in a bid to take its market capitalisation to $2.3 billion. Westoz Investment Company (ASX: WIC) and Ozgrowth (ASX: OZG) have entered into an agreement with WAM to merge under separate transactions. ...

Morningstar to buy Praemium for $65m

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
Praemium has agreed to sell its international business to Morningstar for £35 million (A$65.1 million). The international business includes Praemium's operations in the United Kingdom, Jersey, Hong Kong, and Dubai. The sale of its business will allow ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... allow its PM Capital Global Opportunities Fund (PGF) to take over the PM Capital Asian Opportunities Fund (PAF). Meanwhile, WAM has made a counteroffer for PAF, which PM Capital wants shareholders to reject. WAM founder Geoff Wilson told Financial Standard ...

LIC appoints former Wallaby as director

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
A former Wallaby has joined the board of a Wilson Asset Management listed investment company. WAM Active (WAA) named Simon Poidevin as a director, replacing Emma Rugge Price, who served in the role for nearly four years. Poidevin spent 14 years at Citigroup ...

High-net-worth investors richer, optimistic

ANNABELLE DICKSON  |  MONDAY, 22 NOV 2021
Australia's high-net-worth (HNW) investors have multiplied in size and wealth, controlling $2.77 trillion in investable assets, new research shows. New research commissioned by Praemium and carried out by Investment Trends found the total number of ...

PM Capital forges ahead with LIC merger

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... value of about $712 million, of which PAF contributes $67 million. Shortly after the announcement of the proposed merger, WAM Capital announced its intentions of acquiring PAF, offering to pay $1.147 per unit. WAM's proposed takeover bid is subject to ...

WAM looks to acquire Asian equities LIC

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
WAM Capital is attempting to acquire a listed investment company that has a concentrated portfolio of listed Asian equities. WAM has its eye on PM Capital Asian Opportunities Fund (PAF), offering to pay $1.147 per PAF share. The proposed takeover bid ...