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Showing 61 - 70 of 296 results for "Performance fees"

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... on year to $23.7 million, while net profit after tax was steady at $30.2 million. As flagged in early January, performance fees earned by affiliates contributed $12.3 million to NPAT. Pinnacle also announced that it wrote down $3.4 million for its stake ...

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
While its affiliates delivered $41.9 million in performance fees, Pinnacle Investment Management said several detractors, such as a write down of OpenInvest, could dampen its half-year results. In a 2024 half-year reporting update, the ASX-listed firm ...

Morningstar reveals Australian equities upgrades, downgrades

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
... restrictions on sectors or stocks. Platypus Australian Equities slipped following its relatively high cost of realised performance fees.

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... costs for its Socially Responsible Investment - Balanced option are now "materially higher", blaming increased performance fees. The industry fund recently updated its Product Disclosure Statement (PDS) to reflect the fees and costs incurred last financial ...

Macquarie appoints Byres, half-year results decline

KARREN VERGARA  |  FRIDAY, 3 NOV 2023
... foreshadowed timing of asset realisations in green investments, and an increase in operating expenses. Base and performance fees were broadly in line with the prior corresponding period," Macquarie managing director and chief executive Shemara Wikramanayake ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... interest rates. "Property FUM grew $6.2 billion to $71.0 billion, and our operating earnings ex-transaction and performance fees grew strongly, reflecting growth in FYM, the benefits of scale and our diligent focus on costs," Harrison said. "We delivered ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... Strategy which outperformed the benchmark over the second half of the financial year and made $11 million in performance fees. "These figures reflect the changes the company has experienced over the recent past, and the reduction in funds under management ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... to $237.1 million in H1 2023, predominantly driven by management fees. A smaller portion of revenue comes from performance fees, charged only when select clients and fund investors exceed specific investment benchmarks. Amid ongoing investments in talent ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... group reported net profit after tax of $76.5 million, which was steady from $76.4 million in the prior year. Performance fees earned were also relatively steady at $58.2 million, delivered by 11 out of 15 affiliates. Pinnacle's share of affiliate ...

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... Group integration, progress was deemed to be going well, with synergies tracking to plan. During the quarter, performance fees of $3.2 million were earned, mainly in Pendal strategies.