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Showing 71 - 80 of 242 results for "Listed investment company"

Blue Sky LIC gets a new suitor

KANIKA SOOD  |  WEDNESDAY, 24 OCT 2018
... with Alterum managing the assets of BAF, this would further expand Pinnacle's commitment to the listed investment company market as the addition of Alterum will take the assets managed in LICs by Pinnacle affiliates to over $2 billion," Macoun said. ...

Argo Investments attacks Labor franking policy

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The listed investment company, with about $5.5 billion in funds under management, condemned Labor's franking credit policy at its annual general meeting. Holding its AGM this morning, Argo Investments said Labor's policy to remove refundable franking ...

New Pinnacle affiliate to manage Blue Sky LIC

KANIKA SOOD  |  THURSDAY, 18 OCT 2018
... morning, BLA will target an institutional investor base while BAF will target retail investors. The listed investment company (BAF) will shed the Blue Sky name, listing as Alternative Markets Access Fund under the ticker code AMF. Why the split? The ...

The joys of an independent board

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... discount/premium to NAV Apart from better fee structures, boards can help curb the discount or premium at which a listed investment company trades compared to its NAV. ATT's Jeens says buying or issuing new shares to tame the discount/premium is an area ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... disclaimer somewhere," he said. "And that [general advice] is, make sure you have cash." The $1.4 billion listed investment company WAM Capital started the year with 24.3% in cash and fixed interest. The managers ramped up cash holdings over five months ...

LIC invests in crypto platform

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
A listed investment company has secured a 25% stake in a cryptocurrency issuance platform. First Growth Funds (FGF) invested US$285,000 in FutureICO, an initial coin offering platform that helps companies to issue tokens and digital currency. As part ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... million for an absolute return LIC. Firetrail Investments lodged a prospectus with ASIC on Tuesday for its listed investment company, to be called Firetrail Absolute Return Limited. The IPO follows successful capital raising by the manager. It expects ...

Boutique manager to launch LIC

KANIKA SOOD  |  MONDAY, 3 SEP 2018
A $2.3 billion boutique fund manager is set to launch a listed investment company based on an in-house strategy that has delivered 57.2% in compound annual returns in the last three years. Tribeca Investment Partners is aiming to raise up to $250 million ...

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
WAM Capital is attempting to takeover a listed investment company managed by Perennial that it says has consistently "underperformed" since inception. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities Limited (ASX ...

YBR rejects 'opportunistic' takeover bid

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... Resources. In July, Mercantile announced it would acquire all the shares in IPE, a private equity-focused listed investment company. IPE directors unanimously recommended shareholders accept the offer in the absence of a superior proposal, with the Mercantile ...