Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 431 - 440 of 1226 results for "FUM"

Chief economist update: Australia's not jobless recovery

BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
It's only been only two weeks since the Reserve Bank of Australia (RBA) provided a more optimistic assessment of and outlook for the domestic labour market. In its February 2021 'Statement on Monetary Policy' (SoMP), the RBA declared that ...

Charter Hall bleeds profits, appoints director

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
The property investment group's profits are down 44.7% despite a steady increase in funds under management (FUM), according to its half-year results. Statutory profit plummeted to $173.2 million from $313.2 million in the 12 months prior and EBITDA ...

Fiducian profit, growth jump

ANNABELLE DICKSON  |  MONDAY, 15 FEB 2021
ASX-listed Fiducian Group recorded a 7% increase in net profit to $5.7 million and a steady rise in funds under management, advice and administration (FUMAA) in its half-year results. The group which includes funds management, financial advice and corporate ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
... profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total average FUM was $100.9 billion (9% higher), resulting in management fees of $311.4 million (8% higher) and performance fees of $12.4 ...

Pinnacle reports bumper first half

KARREN VERGARA  |  THURSDAY, 4 FEB 2021
... management for the ASX-listed firm grew to $70.5 billion at the end of December 2020 or 14% year on year. The majority of its FUM comprises the institutional business, which reached $53.8 billion at the end of the period. Retail FUM of $16.7 billion ...

Better inflows ahead for Perpetual, Pendal: MS

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... is in steady inflows. The analysts marked down PPT's price target from $42.5 per share to $39 to account for lower offshore FUM from a stronger AUD. Morgan Stanley has an overweight rating on PPT and said the valuation is 'undemanding' at about 13x FY22E ...

GQG sees spectacular FUM growth

KANIKA SOOD  |  FRIDAY, 29 JAN 2021
... billion in total funds under management and ended the calendar year with $86.9 billion. Pacific Current did not break down the FUM growth into inflows and performance. The Florida headquartered manager is represented locally by Laird Abernethy, who joined ...

Future Super chief executive to depart

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... management crept over $1 billion in 2020, doubling since the middle of 2019 when the fund had approximately $450 million in FUM. "It has been an absolute privilege to lead the Future Super team on our journey from scrappy start-up to a real player in ...

Ophir readies new fund

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
... will close to new investors at January end. "It has always been our intention to hard close the fund between $600m to $800m FUM. By strictly managing capacity limits for each of the Ophir funds we believe this provides us the best ability to generate ...

Longstanding Netwealth chair resigns

ANNABELLE DICKSON  |  THURSDAY, 21 JAN 2021
... director in the asset management business and is currently a partner at Affirmative Investment Management. The platform's FUM has now reached $38.8 billion, a 14% increase for the quarter while funds under management increased 15.5% to $7.6 billion ...