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Showing 81 - 90 of 1226 results for "FUM"

Bain Capital backs out of Insignia takeover race

MATTHEW WAI  |  WEDNESDAY, 14 MAY 2025
... of business tomorrow. Further, the update also follows Insignia seeing $5 billion drained from its funds under management (FUM) in the March quarter due to market volatility and institutional outflows. The wealth manager's FUM now sits at $321.8 ...

Platinum merger no cure for active managers' challenges

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... hedge fund," he said. Data from Morningstar Direct shows that roughly 40% of L1's retail and wholesale funds under management (FUM) have grown between 20% and 70% annually over the past three years - an outcome unlikely for an underperforming manager. ...

Pennybacker boosts Pacific Current FUM

KARREN VERGARA  |  WEDNESDAY, 30 APR 2025
Pacific Current Group (PAC) saw funds under management (FUM) lift in the first quarter of 2025 thanks to affiliate Pennybacker Capital reporting a 17% jump in total assets. Pacific Current turned in $31 billion in total FUM at the end of March, up from ...

Future Group confirms more mergers ahead, undertakes review

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... and Verve Super will soon be merged into the Smart Future Trust as well. This would add a further $2.7 billion to the total FUM. The Zurich transfer is expected to take place on June 6, while the MLC transfer will be completed on July 1. "With our focus ...

Generation Development Group enters ASX 200

ANDREW MCKEAN  |  THURSDAY, 24 APR 2025
... and investment bonds businesses and capped off the milestone by entering the ASX 200. The group's funds under management (FUM) increased to $26.8 billion in the March quarter from $25.4 billion in December last year, following the acquisition and integration ...

Insignia Financial trims $5bn off FUM

JAMIE WILLIAMSON  |  WEDNESDAY, 23 APR 2025
Market volatility and institutional outflows shaved $5 billion off Insignia Financial's funds under management (FUM) last quarter. In the March quarter, Insignia Financial said about $1.8 billion of the $3 billion an institutional client poured into ...

Challenger posts mixed Q3 FY25 result

MATTHEW WAI  |  THURSDAY, 17 APR 2025
... $1.9 billion and client distributions of $0.3 billion, it said. Net outflows included the derecognition of $0.8 billion of FUM from Merlon Capital Partners, following Challenger's subsidiary Fidante offloaded its interest in the firm last year. Meanwhile ...

Clients' evolving circumstances a 'key barrier' for advisers: Netwealth

MATTHEW WAI  |  THURSDAY, 10 APR 2025
... and the negative impact from FUA market movement was only 1% of total FUA, or $1 billion, it said. Funds under management (FUM) net flows grew $1 billion, buoyed to $24.8 billion, while managed account net flows were 42% higher than the prior corresponding ...

Regal writes off Opthea, FUM takes 8% hit

KARREN VERGARA  |  THURSDAY, 10 APR 2025
Regal Partners has written off its entire investment in Opthea, which contributed to funds under management (FUM) taking an 8.3% hit in the March 2025 quarter. Regal ended up with $16.5 billion as total FUM suffered a $540 million loss stemming from ...

Which fund managers are making the most from investor fees?

ANDREW MCKEAN  |  TUESDAY, 8 APR 2025
... multiplied by the Total Cost Ratio. Mercer, which runs dozens of managed funds with $73.8 billion in funds under management (FUM), topped the list for annual fee revenue, raking in $395 million in 2024. "For Mercer Funds, there are a range of factors ...