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Showing 71 - 80 of 296 results for "Performance fees"

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... copped a $232 million loss to its net outflows over the 2023 financial year and told investors it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) and said the June outflows ...

Nuveen, Commonwealth Private partner to launch REIT

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... Australia." Nuveen said the listed real estate strategy offers monthly liquidity via a share repurchase plan with no performance fees. The REIT also provides resiliency across market cycles through selective investments into commercial real estate debt ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... around 30% over the first half result, ranging from $6.3 to $6.8 million. This will see a full-year UPAT, before performance fees for the year ending 30 June 2023 of $11.3 to $11.8 million. "Stronger revenue and disciplined cost management have contributed ...

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... WCCF1 & WCCF2 have returned 10.56% p.a. and 15.18% p.a. respectively after management fees and costs and before performance fees. Wingate managing director of corporate investments Selwyn Schroeder said the new fund builds upon the first two corporate ...

Pacific Current Group buys stake in PE firm

CHLOE WALKER  |  TUESDAY, 11 APR 2023
... (Cordillera). The $44.9 million deal will see PAC take on 16.4% of Cordillera's revenues, both management fees and performance fees, and 24.9% of the proceeds in the event of a sale. PAC estimates that its investment will provide between $3.0 million ...

AMP completes infrastructure equity business sale

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... a $521 million cash payment received from DigitalBridge, $57 million from retained estimated future carry and performance fees, and $4 million of gains on foreign exchange hedges. Additionally, AMP remains eligible for a potential cash earn-out of up ...

Regal reports FUM loss

CHLOE WALKER  |  FRIDAY, 27 JAN 2023
... accelerate the FUM and growth profile of the strategy. The initial drawdown is expected to occur in 1Q 2023. As for performance fees, Regal said it will recognise about $14 million in pre-tax revenue for the six months to December 31, 2022. It previously ...

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
... figure will be reflected in the funds' FUM and performance fee update for next month. Magellan also said that performance fees for the six months ended 31 December 2022 are not meaningful. "Performance fees (if any) may fluctuate significantly form period ...

Pinnacle's performance fee revenue could plummet

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Pinnacle Investment Management Group (Pinnacle) expects its net share of performance fees to be potentially less than $1 million, down from $6.4 million in the corresponding period ending 31 December 2021. In an ASX announcement, Pinnacle said several ...

Bahamian firm joins Future Gen portfolio

CHLOE WALKER  |  MONDAY, 28 NOV 2022
... investors for several years. As part of the new deal, Holowesko has also committed to rebate its usual management and performance fees in support of Future Generation's commitment to invest 1% of net assets in its social investment partners who are focused ...