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

Search Results

Showing 31 - 40 of 106 results for "Income Trust"

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
The boutique launched by former Macquarie stock pickers under Pinnacle's banner in May is set to kick off an initial public offer, raising up to $304.5 million for an absolute return LIC. Firetrail Investments lodged a prospectus with ASIC on Tuesday ...

Advisers warming up to LICs

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
Adviser participation in the IPOs of listed investment companies has jumped by nearly 30% since July last year, according to a leading IPO specialist. SeedPartnerships director Chris Clayton says until last year about 80% of LIC floats were taken up ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... to invest in high-yield bonds, with an annual net distribution north of 5%. The Neuberger Berman Global Corporate Income Trust will hold about 300 high-yield securities, with the portfolio spread across companies with EBITDA greater than $100 million. ...

Investors sharpen watch on RMBS

KANIKA SOOD  |  MONDAY, 9 JUL 2018
... according to Moody's. What is certain is several fund managers are keen on RMBS in 2018. The Gryphon Capital Income Trust - a listed investment company which started trading in May on the heels of a $175 million initial public offer - held 73% of ...

Aussie asset manager cops ASIC intervention

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... having already terminated Poon's employment once it discovered the unauthorised transfer of funds from its Buy-Write income Trust (AUP). In the eyes of the regulator, Poon's misappropriation and subsequent cover-up of her actions were facilitated by ...

Aussie IPO launches at decade high

KANIKA SOOD  |  FRIDAY, 15 JUN 2018
... billion-dollar L1 long short fund, the $249 million WAM Global (listing on June 19) and the $175 million Gryphon Capital Income Trust. The IPO activity data was released as a part of Baker Mckenzie's H1 Cross-Border IPO index. Globally, a total of ...

Aussie equities manager transitions leadership

HARRISON WORLEY  |  THURSDAY, 7 JUN 2018
... move which expands his responsibilities at the firm. Currently lead portfolio manager of both Perennial's Shares for Income Trust and the eInvest Income Generator Fund, Bruce now takes responsibility for all broader cap Australian equities portfolios. ...

Aurora repays stolen $1 million

ALEX BURKE  |  TUESDAY, 27 MAR 2018
Aurora Funds Management has repaid the $1 million misappropriated from its Buy-Write Income Trust (AUP). The money, which Aurora traced to SIV Asset Management (SAM), formerly known as Aurora Funds Limited, was fully repaid into AUP. In addition, Aurora ...

New income trust plans to raise $350m

KANIKA SOOD  |  THURSDAY, 22 MAR 2018
... secured debt securities with its new trust - which it says is the first of its kind in Australia. Gryphon Capital Income Trust (GCIT) will invest in residential mortgage backed securities and asset backed securities, and accept non-insto investors through ...

New trust lowers cost for retail access to corporate loan market

ALEX BURKE  |  WEDNESDAY, 21 MAR 2018
... corporate loan trust, giving retail investors more liquid access to a traditionally bank-dominated market. MCP's Master Income Trust (ASX: MXT) successfully raised $516 million in its initial public offering late last year. It currently has exposure ...