Mint Asset Management's annual fee income fell 13.4%

It hasn’t been the best of years for Mint Asset Management with fee income dropping 13.4% overall.

Mint, part of the Amplifi group, which includes the Sage and Totara financial planning businesses, saw its fee income for the year ended March fall by 13.4%, or by $595,930 to $3.9 million.

Executive chair Rebecca Thomas says Amplifi’s strongest growth has been in wealth management while the funds management business has been “moribund.”

The Mint Australasian Equity Fund, the company’s ...MORE»

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Salt's Long Short Funds delivers the manager a big payday

Salt Funds Management’s Sale Long Short Fund performed well enough to earn the management team a performance fee, which is why the fees earned jumped to $2.9 million in the year ended March from $1.1 million the previous year.

Salt director Matt Goodson says the fund’s benchmark is cash plus 5% and that it has “a forever high water mark,” meaning any failure to meet that return has to be made up before any performance fees can resume.

“It requires genuine out-performance to get paid,” Goodson says.

Salt’s website shows the fund’s annual returns at May 31 were 10.63% since inception ...MORE»

Jarden Securities ex-wealth lifts annual net profit 26% Tuesday, July 8th, 4:42PM Jarden Securities' annual net profit excluding the since-sold wealth management business jumped 26% while revealing that investment banking and unrealised capital gains contributed the bulk of the increase. MORE»

Nikko expands Goals Getter fund range Friday, July 4th, 8:23AM In a week of new fund offerings Nikko is the latest to add new funds to its offering. MORE»

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