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Showing 1 - 10 of 13 results for "Wealth Defender Equities"

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... larger capital and shareholder base. WAM Capital (WAM) completed a successful takeover bid of another LIC, Wealth Defender Equities (WDE), on October 26, gaining 95.26% of the shares.

Chief investment officer retires

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... the effects of an equity bear market." Late last week WAM Capital succeeded with its takeover offer for Wealth Defender Equities (WDE) and will proceed with its compulsory acquisition. It will be followed by a strategic review of WDE. The proposal to ...

WDE board pushes for takeover

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Wealth Defender Equities is urging its shareholders to accept WAM Capital's takeover bid. WDE non-executive directors, comprising Paul Clitheroe, Richard Morath and chair Alan Schoenheimer, said they have carefully considered the offer and recommended ...

Zenith introduces shareholder voting advice

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... once the voting results are formalised," Zenith said. A case in point is the recent WAM Capital bid for Wealth Defender Equities. WAM's 84-page bidder's statement is a document advisers need to absorb and interpret before deciding if the move is in the ...

WAM Capital commences LIC takeover bid

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
... statements distributed yesterday. Last month WAM Capital said it would attempt to take over a listed invested Wealth Defender Equities (WDE) managed by Perennial which it said had underperformed consistently since inception. The offer is now open and ...

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... consistently "underperformed" since inception. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities Limited (ASX: WDE) overnight for a price of $0.996 per share. This represents a 15% premium based on WDE's one-month ...

Perennial cuts fees for defensive LIC, revises investment strategy

ALEX BURKE  |  TUESDAY, 22 MAY 2018
... investment company as part of a revision of the overall investment strategy. Management fees for the Wealth Defender Equities LIC will be cut from 0.98% to 0.8%. This follows the LIC's board announcing that historically the investment mandate has ...

Perennial makes two senior equities appointments

ALEX BURKE  |  FRIDAY, 10 NOV 2017
... Value is doing with its new product." This news follows the Perennial-managed listed investment company, Wealth Defender Equities (WDE), which specializes in managing downside risk in Australian equities, increasing its allocation to small cap stocks ...

Perennial LIC extends investment mandate

ALEX BURKE  |  FRIDAY, 10 NOV 2017
... downside risk in Australian equities has amended its investment guidelines. Following the board's approval, Wealth Defender Equities (WDE) can now up its allocation to small cap stocks, defined as being below the ASX 100, from 20% to 30% of the gross ...

Former Russell CEO joins MLC trustee board

DARREN SNYDER  |  THURSDAY, 29 SEP 2016
... retail fund in the country at $70 billion in funds under management. Schoenheimer is also chairman of Wealth Defender Equities, an Australian listed investment company formed by Perennial Value Management in May 2015.
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