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Showing 51 - 60 of 296 results for "Performance fees"

HMC Capital sees earnings soar 57%

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... 57% jump in earnings compared to FY23 to $129 million thanks to recurring management fees, investment gains and performance fees. Over the past 12 months HMC established three new platforms in private credit, energy transition and digital infrastructure. ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... Consequently, funds from operations grew by $30 million. The acquisition also delivered about $28 million in performance fees, but was partly offset by the impact of divestments, valuation declines and a lower contribution from development milestone ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... acquisition will immediately contribute to profits, as well as preferred dividends in FY25 and FY26 and potential performance fees. Under the deal, Magellan will distribute Vinva's Australian and global shares products and strategies around the world ...

New mandates boost Clime FUM

KARREN VERGARA  |  MONDAY, 29 JUL 2024
... Small Companies Fund returned 15.4% and 15.82% respectively. "The strong returns not only saw the group achieve performance fees in FY24 but supports the group strategy to achieve growth in funds under management in the year ahead," newly appointed acting ...

Magellan fund to launch as active ETF

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... billion in FUM while retail clients' assets are worth $17.2 billion. The fund manager earned $19 million in performance fees for the last financial year. Recent ETF data shows that one of Magellan's ETFs experienced large redemptions.

Platinum ends FY24 with $13bn FUM

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... pointing to investment gains it calculates to be between $9 million and $11 million. Platinum did not earn any performance fees in the second half of FY24. This time last year, Platinum had $18.1 billion in FUM and made $81 million in after-tax profit. ...

Regal shutters East Point AM

KARREN VERGARA  |  TUESDAY, 9 APR 2024
... Australian Small Companies and Tactical Opportunities," Regal said. As of January 1, the rebate on management and performance fees for staff capital managed in respect of Regal Funds Management was slashed from 100% to 50%. "The relevant capital was ...

Large-cap equity funds continue underperformance: SPIVA

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... across passive and active managers. "It's really hard for long equity managers to actually charge clients on performance fees. It's almost non-existent now. If you're a hedge fund pursuing an absolute-return strategy, yes, it's standard ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... with the group saying this is tracking in line with full-year guidance of up to $102.5 million. They added that performance fees for the half were not meaningful, characterising them as lumpy and unreliable. With the global equities business seeing the ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... related to Keystone; and contain misleading statements about how diversified the fund is. ASIC also said potential performance fees are not adequately disclosed; inappropriate asset classifications to describe investments in the underlying funds and ...