FUM

Funds management

Pendal/Perpetual deal could see $283b FUM by 2027: Morningstar

Only half of the cost synergies proposed by the Pendal/Perpetual acquisition are likely to be achieved, according to Morningstar, but combined FUM could reach $283 billio...

Funds management

GQG FUM declines after insto withdrawal

GQG has become the latest fund manager to report a downturn in funds under management as the result of institutional client withdrawals....

Funds management

Client caution drives Pendal fund redemptions

Pendal Group’s funds under management have fallen by $13.9 billion in the June quarter due to fund redemptions driven by client caution and sustained market challenges....

Funds management

Positive flows at GQG in May

GQG has recovered assets lost in April this month with funds under management rising by 4.6%....

Funds management

Magellan FUM drops to $87b as Douglass exits

Magellan Financial Group has lost $6.4 billion in less than two weeks as chair and chief investment officer Hamish Douglass takes ‘leave of absence’....

Funds management

Perpetual AUM up1.8% in Q2

Perpetual has announced that its total assets under management stood at $102.8 billion in Q2, up 1.8% on the prior period, with all divisions showing growth....

Funds management

SMSFs drive DomaCom to $100m FUM

The “willingness” of self-managed super funds to consider alternative property sectors has led DomaCom to see its funds under management reach $100 million....

Funds management

GQG passes $90b in FUM

Having listed on the ASX last October, GQG has announced it ended the year with US$91.2 billion in funds under management....

Funds management

SJP mandate termination hurts Magellan FUM

Magellan Financial Group has seen outflows of $1.5 billion in the December quarter, in addition to a $23 billion reduction from the termination of a mandate with St James...

Funds management

Pinnacle acquires 25% stake in Aussie PE

Pinnacle Investment Management has acquired convertible redeemable preference shares that would give it a 25% equity stake in Australian-based private equity, Five V Capi...

Funds management

Pendal FUM rises 51% to approach $140b

Funds under management at Pendal have risen to almost $140 billion although sub-advised channels contributed to outflows as clients took profits....

Financial planning

Life insurance drives 54% rise in ClearView’s NPAT

ClearView has announced underlying net profit after tax is up 54% to $22.7 million but operating earnings for its financial advice arm were down 58% as it sells it to Cen...