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Showing 41 - 48 of 48 results for "Watermark"

Alphinity grows new business

ALISON BEVEGE  |  MONDAY, 28 FEB 2011
... suffered a period of underperformance under Challenger Select. When the new team took over the performance fee high watermark was reset. According to Rainmaker research, the new firm Alphinity had $759.62 million in funds under management as of December. ...

Performance fees more popular: Morningstar

ALISON BEVEGE  |  THURSDAY, 24 FEB 2011
... watermarks periodically, which Morningstar said is a concern. For example, Alphinity Concentrated recently reset its watermark prompting Morningstar's decision to downgrade them to an 'avoid'. Morningstar said the period over which the performance fee ...

Fund manager challenges 'avoid' rating

RUTH LIEW  |  THURSDAY, 18 NOV 2010
... wholesale base fee that's not below-average is discouraging enough. "But Challenger compounded matters by resetting the high watermark after appointing the new team. This is very disappointing for existing unitholders, who are far from recovering from ...

Fortitude launches retail offering

RUTH LIEW  |  MONDAY, 21 JUN 2010
... The firm will charge 1.5 per cent in fees, plus 20 per cent performance fee above the cash benchmark (including high watermark). Fortitude Capital announced last month that it was merging with Aurora Funds to form a $570 million fund manager. Aurora ...

BlueMountain to post record returns

MICHELLE BALTAZAR  |  WEDNESDAY, 24 JUN 2009
US-based hedge fund BlueMountain Capital Management hopes its forecast 20 per cent plus returns, lower fees and new liquidity rules will appeal to local super funds allocating new money into alternative strategies. Hedge funds are a hard sell these ...

ING opens up alternatives

CHRIS NICHOLLS  |  WEDNESDAY, 28 MAR 2007
... fund ensures 80% protection of investments, rising in line with the underlying assets. If the fund reaches a new high watermark, the underlying assets are protected at 80% of that higher level. David Kan, ING's Head of Product & Strategy, Personal Investments ...

Morningstar grades MMC small-cap strategy

... administration fee of 0.68 per cent and a 15.0 per cent performance fee on any index outperformance subject to a high watermark and the absolute fund return being positive. The report states these costs look even more expensive at times when the portfolio ...

Morningstar likes Souls

... according to Morningstar. It carries a performance fee of 20 per cent of any index outperformance subject to a high watermark.
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