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Investment

Accounting businesses drag Countplus profit

LAURA MILLAN  |  FRIDAY, 27 FEB 2015
Countplus profit was down 10.3% for the six months to December 2014, with results reflecting challenging conditions in the accounting and business service area, the company reported.

Alternatives managers asked to help more with fees

MARK SMITH  |  FRIDAY, 27 FEB 2015
More than half of investors in hedge funds and other alternatives say changes to fee structures can better align their interests with fund managers, according to a recent survey by data and research provider Preqin.

Perpetual forecasts $18m benefit from Trust acquisition

LAURA MILLAN  |  FRIDAY, 27 FEB 2015
Perpetual reported that the integration of The Trust Company is ahead of schedule and is expected to deliver synergy benefits of $18 million to $20 million before tax.

Equity Trustees boosts profit

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
Equity Trustees (EQT) has boosted its net profit to $7.6 million in the six months to 31 December 2014, a 41.7% rise on the previous corresponding period.

Magellan fund awarded Morningstar Gold rating

ALEX BURKE  |  THURSDAY, 26 FEB 2015
Shortly after announcing an ASX-listed version, Magellan's unlisted Global Fund has been awarded a Morningstar GOLD rating.

Henderson boosts AUM to £81.2 billion

ALEX BURKE  |  THURSDAY, 26 FEB 2015
Henderson Group has boosted its assets under management (AUM) by 8% to £81.2 billion in the year to 31 December 2014, it announced in its full year results.

Altair AM signs equity mandates

MICHELLE BALTAZAR  |  THURSDAY, 26 FEB 2015
It is understood that high-conviction Australian equities fund manager Altair Asset Management signed a $30 million managed accounts mandate with a financial planning group in December and an undisclosed Australian equities mandate with an industry super ...

HUB24 FUA reaches $1.4 billion

ALEX BURKE  |  THURSDAY, 26 FEB 2015
HUB24 has announced a 46% growth in FUA to $1.25 billion in the half-year to 31 December 2014, up 102% from the previous six months.

SFG acquisition boosts IOOF growth

LAURA MILLAN  |  THURSDAY, 26 FEB 2015
IOOF Holdings has reported a record half year growth, following the acquisition of SFG Australia.

Futuro ends AMP buyout deal

LAURA MILLAN  |  THURSDAY, 26 FEB 2015
AMP will not be able to proceed with the planned buyout of Futuro Financial Services after both businesses agreed to end the ownership deal.