Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 242 results for "Listed investment company"

AFIC appoints chair

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
Australia's oldest listed investment company is seeing a change of guard in its corporate governance as the current chair retires after 34 years on the board. Terrence Campbell will not seek re-election at the October 9 annual general meeting of the ...

Pengana LIC profitable again

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
Pengana's listed investment company posted solid profits for the financial year, springing back from last year's losses of $23 million. Pengana International Equities (PIA) raked in a total investment income of $40 million, up 260% over the ...

Boutique fund manager eyes second LIC

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
A Sydney-based international equities manager will soon launch its second listed investment company (LIC) with plans to raise upwards of $300 million for the new venture. Cadence Capital confirmed it will launch an initial public offering (IPO) for ...

Contango hires K2 distribution heads

KANIKA SOOD  |  WEDNESDAY, 11 JUL 2018
... Management, which among other things gave Contango an access to a retail licence. Since then, CGA has cut its listed investment company's cash allocations. It has also launched a new ETMF, overseen by a US-based investment partner. WCM Quality Global ...

Investors sharpen watch on RMBS

KANIKA SOOD  |  MONDAY, 9 JUL 2018
... What is certain is several fund managers are keen on RMBS in 2018. The Gryphon Capital Income Trust - a listed investment company which started trading in May on the heels of a $175 million initial public offer - held 73% of its portfolio in RMBS as ...

Mercantile takeover of private equity fund moves ahead

HARRISON WORLEY  |  THURSDAY, 5 JUL 2018
Mercantile OFM is moving towards the acquisition of all shares in a private equity-focused listed investment company (LIC). In an announcement to the ASX, IPE directors unanimously recommended shareholders accept the offer in the absence of a superior ...

PM Capital offers new LIC

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
... Global Opportunities Fund (ASX: PGF) and its subsidiary PM Capital GO 2025 yesterday announced a new listed investment company. PTrackERS, is a specially-developed converting security. In seven years' time, PTrackERS security holders will have the ...

Former UBS Wealth boss joins LIC board

KANIKA SOOD  |  FRIDAY, 22 JUN 2018
... Management Australia chief executive to its board. Elizabeth Lewin will be a non-executive director on the listed investment company's board (ASX:ARG), starting 1 July 2018. She has over 25 years of experience including international stints in wealth ...

Boutique asset managers co-appoint distribution head

KANIKA SOOD  |  THURSDAY, 21 JUN 2018
... distribution for the Australian market. Katana Asset Management has about $60 million split between a listed investment company and an unlisted unit trust, while Insync Funds Management has about $30 million. Damen Purcell has joined as the distribution ...

Contango to launch global active ETF

ALEX BURKE  |  FRIDAY, 15 JUN 2018
... Management - which CGA acquired in March - to distribute the strategy by the aforementioned ETF as well as a listed investment company and a retail managed fund. CGA chief executive Marty Switzer explained that the new partnership reflects his company's ...