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Showing 461 - 470 of 1227 results for "FUM"

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... ended the 2019/20 financial year down 4.6% to $1.139 billion and $906 billion respectively. Retail managed funds increased FUM by 5.9% or $50.2 billion while wholesale funds grew by $50.4 billion over the quarter which made up for nearly half the losses ...

IOOF buys MLC Wealth for $1.4bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... said the transaction will transform the business into the largest retail wealth manager in terms of funds under management (FUM) totalling $510 billion, the largest advice business with 1884 advisers and the second biggest super provide with funds under ...

Equity Trustees rejigs two leadership roles

KANIKA SOOD  |  WEDNESDAY, 26 AUG 2020
... and overseas." EQT's corporate trustee business in FY20 was appointed the trustee for AIA/CommInsure funds ($10.5 billion FUM), authorised corporate director to a suite of River and Mercantile funds ($3.9 billion) and responsible entity for Partners ...

Raiz shuffles leadership team

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... volatility and economic uncertainty in the second half. "We successfully delivered strong growth in revenue, active customers and FUM in FY20, demonstrating the resilience of our business model, the customer loyalty we attract, and validating the unique ...

VGI Partners profits tumble

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
... $9.9 million, down from $24.2 million for the 1H19. Performance in the six months to June end eroded 7% from December end FUM. Performance fees went from $32.8 million in first half of 2019 to this half's $0.1 million. The boutique, which listed on the ...

Perpetual profits plummet

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... Revenue for the full year also dropped, down 5% to $489.2 million, reflective of a lower level of funds under management (FUM). Even still, the board has decided to still pay shareholders a final dividend of 50 cents per share, resulting in a fully franked ...

K2 Asset Management reports loss

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
... under management at year end, across the five funds and private mandates of $13.1 million. "Growing funds under management (FUM) and returning the business to profitability remains the poriority for the K2 board and senior management. Expenses continued ...

Melbourne boutique deepens Canadian ties

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
... via GSFM'S Canadian investor CI, which took an 80% stake in the Aussie multi-boutique in 2016. About $500 million of Munro's FUM is Australia, with the rest ($1.5 billion) now raised in Canada. "Our partnership with CI Financial aims to bring the best ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... scalable. From a capacity point of view, it doesn't impact on other products," he said, but declined to comment on the FUM Magellan expects to raise from the Core lineup in coming years. Additionally, Magellan will introduce its global sustainable ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... multi-boutique Fidante Partners and institutional manager CIP Asset Management - ended FY20 with $80.6 billion in average FUM, up 4%. It generated net income of $8 million, up 5%. Fidante Partners attracted $3.8 billion in net inflows ($2.3 billion from ...