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Showing 81 - 90 of 445 results for "Performance fee"

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... Capital, the investment manager, charges a management fee of 0.50% plus 20% of the net cash margin. There is no performance fee. "With AUD/USD at historic lows and the US credit rating once again under threat from a US political stalemate, investors ...

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... place. So, I would see the risk is very low given those characteristics," he said. In FY23, the fund manager earned performance fee revenues of $339.2 million, a shadow of the $600.1 million reported in the prior period. Statutory net profit after tax ...

Macquarie appoints Byres, half-year results decline

KARREN VERGARA  |  FRIDAY, 3 NOV 2023
Former APRA chair Wayne Byres will join the board of Macquarie Bank as the latter releases half-year results that are "substantially down" compared to this time last year. Byres is set to join as a non-executive director on 1 February 2024. Byres left ...

WAM launches unit trust, names RE

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... $25,000, with a recommended timeframe of at least five years. The fund has a management fee of 1.025% and charges a performance fee of 20.5%. The unit trust will also replicate the investment strategy of the WAM Leaders listed investment company (LIC) ...

Perpetual shutters innovation fund, Pendal funds

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2023
... before fees. As at July end, it had about $75 million in funds under management. The management fee was 0.99% and performance fee was charged at 20%. The trustee, Perpetual Investment Management Limited (PIML), said it is in the best interests of investors ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The fund manager has reported operating earnings of $441.2 million for FY23, down about $100 million from the year prior. Its statutory profit after tax was $196.1 million, down a significant 78.5% on the previous year. Full year distributions totaled ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... FUM that suffered a 46% drop from $39.1 billion to $21.3 billion year on year. While it earned management and performance fee revenues of $339.2 million, this was a shadow of the $600.1 million reported in FY22. Statutory net profit after tax of $182.7 ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
GQG Partners' funds under management (FUM) has surged to $104.1 billion as of June 30, reflecting 20.1% growth year on year. In an ASX announcement, GQG attributed FUM growth to $6.2 billion of net inflows and strides in the global equity markets. The ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
Pinnacle Investment Management was able to buffer wider economic shocks to maintain its profitability, reporting modest inflows and funds under management growth in the 2023 financial year. The ASX-listed firm, with its 15 affiliates, saw FUM of $91.9 ...

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
In a Q4 2023 business update, Perpetual reported assets under management (AUM) of $212.1 billion, a 0.8% increase on the prior quarter. Perpetual credited positive markets and strong investment performance for contributing to an uplift of $4.5 billion ...