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Showing 1 - 10 of 21 results for "Base management fees"

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... investing calibre or earnings outlook. "We expect Magellan will continue to trim its retail and institutional base management fees to below 1.22% (below the peer median) and below 0.32% (below standard multi manager funds) by around fiscal 2024," Ler ...

HGL acquires Supervised Investments

ELIZABETH MCARTHUR  |  FRIDAY, 26 MAR 2021
... company added that this would provide a "small base" and capability from which to grow and to derive both base management fees and investment performance fees. "It is intended that the investment /funds management division will grow to become a core ...

Pendal's product pipeline for 2020

KANIKA SOOD  |  MONDAY, 11 MAY 2020
... distribution). Statutory NPAT for first half of FY20 was down 21% over first half of FY19 to $54.8 million. Base management fees were largely unchanged at $240.9 million (1% growth) but performance fees fell 86% from $4.4 million to $0.6 million. Operating ...

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... boutiques but there is a strong pipeline of prospects going into FY20, it said in company filings. Fee revenue Base management fees grew by 47.4% over the previous financial year as the funds under management swelled but performance fees were down. Total ...

Pendal sees 70% boost in performance fees

ALEX BURKE  |  THURSDAY, 10 MAY 2018
... the prior corresponding period. "This record result...represents six years of uninterrupted growth in FUM, base management fees and dividends. This growth has been supported by our strategy of diversifying across markets, expanding our product range ...

New CEO to join MQA after restructure

ALEX BURKE  |  MONDAY, 23 APR 2018
... agreements, and Macquarie will remain as MQA's manager for a further 12 months from May 15. Over that period, base management fees will be paid to Macquarie, and Macquarie will provide transition services for another six months after that, for a fee ...

MQA chief executive departs in management restructure

ALEX BURKE  |  MONDAY, 9 APR 2018
... agreements, and Macquarie will remain as MQA's manager for a further 12 months from May 15. Over that period, base management fees will be paid to Macquarie, and Macquarie will provide transition services for another six months after that, for a fee ...

BTIM delivers record profit despite fee pressure

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
... strong net inflows of $4.7 billion; the boost in funds under management - up 14% to $95.8 billion - has pushed base management fees up by 20% per annum. Speaking to Financial Standard, BTIM chief executive Emilio Gonzalez highlighted the growth opportunities ...

Centuria consolidates funds

KARREN VERGARA  |  THURSDAY, 15 JUN 2017
... meeting this week. Chair John Slater told investors the merger will have the benefit of reducing ongoing base management fees; scale and diversification; and significantly increase distributable earnings. CMA Trust manager Nicholas Blake said: "Investors ...

AMP Capital urges voters to keep China fund open ahead of EGM

ALEX BURKE  |  FRIDAY, 1 JUL 2016
... enhancements for the fund, including improving the flexibility of the fund's investment mandate, reducing base management fees (from 1.65% p.a. to 1.35%), removing the current performance fee entirely and providing unitholders with the option to receive ...
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