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Showing 51 - 60 of 1054 results for "FUM"

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... administrators to DASS in January 2022 and subsequent creditor approved Deed of Company Arrangement (DOCA). The E&P Funds business saw FUM reduce by 30% to $4.3 billion thanks to it exiting the Real Asset funds business; asset sales New Energy Solar ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
Following the recent decision to overhaul its advice model, Insignia Financial will now consolidate its client engagement teams to create a Client Wellbeing division as it prepares for the post-Quality of Advice Review world. Within its FY23 results ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... Platinum reported a 20% drop in its NPAT for FY23 which came in at $80.85 million. The asset manager saw a 4.9% drop in its FUM which came to $17.3 billion for FY23 down from $18.2 billion in the prior year. The asset manager said the dip was caused ...

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... initial $700 million investment in August last year. The additional commitment brings Qualitas' total funds under management (FUM) to $7.5 billion, of which 78% is in private credit and 81% is invested on behalf of institutional investors. Qualitas' ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... Hall managing director and group chief executive David Harrison said despite challenging conditions, FY23 maintained group FUM despite downward valuations driven by rising interest rates. "Property FUM grew $6.2 billion to $71.0 billion, and our operating ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... under management almost halved to $48.8 billion as outflows continued across the retail and institutional channels. Total FUM reached as high as $103.7 billion in June 2021. Retail FUM ended the period with $18.4 billion, down 17%. But it was the institutional ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
GQG Partners' funds under management (FUM) has surged to $104.1 billion as of June 30, reflecting 20.1% growth year on year. In an ASX announcement, GQG attributed FUM growth to $6.2 billion of net inflows and strides in the global equity markets. The ...

Magellan reverts to old leadership model

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... challenges over the recent past, we have kept a talented team together, improved investment structures and begun to stabilise FUM. There is more work to do, and the board remains focused on improving shareholder outcomes as we enter a new phase for Magellan," ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... institutional investor brings the size of the fund to $1.95 billion, and Qualitas' total committed funds under management (FUM) to about $6.8 billion. Qualitas' FUM has increased by 12% since May and 59% since June 30 last year. Qualitas group managing ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
Fiducian is betting on the independent financial adviser (IFA) market and its South Australian presence to bolster its inflows as it sets an ambitious plan to exceed its performance reported in the 2023 financial year. The ASX-listed group's latest ...