Latest Asset Management News

Platinum Asia Fund Complex ETF delivered a 31.2% return for the year ended 30 June 2026, while net assets climbed to $280.9 million after the PAI scheme of arrangement. The result was strong in absolute terms but trailed its Asian equity benchmark by 6.7 percentage points.

Cadence Opportunities Fund Limited (ASX:CDO) delivered a record $5.66 million after-tax profit and a 30.3% fund return in FY2026. The listed investment company is entering the new year with elevated cash, reduced gold exposure and a discounted share purchase plan underway.

Pengana International Equities has settled Supreme Court proceedings and agreed steps aimed at ending a related Takeovers Panel application, clearing a path for its buy-back and strategic reset. Antipodes will manage the portfolio under a new Board led by interim chairman Frank Gooch after the transaction.

JPMorgan Equity Premium Income ETF reported a sharp fall in operating profit as fair-value losses overwhelmed higher distribution income. The fund will also switch its underlying ETF from NYSE Arca to a London-listed vehicle, while keeping its stated investment objective and total management fees and costs unchanged.

JPMorgan US 100Q Equity Premium Income ETF lifted operating profit to A$15.678 million as net assets grew to A$106.991 million. The fund is now preparing to move its underlying investment from a Nasdaq-listed ETF to a London-listed UCITS vehicle, with total management fees and costs unchanged at 0.40% a year.

JPMorgan Emerging Markets Research Enhanced Index Equity Fund nearly trebled its net assets in 2026 after attracting $48.5 million of applications and recording a $4.6 million profit. The growth came with a sharp increase in exposure to one underlying emerging markets ETF.

JPMorgan Equity Premium Income ETF grew net assets to $167.99 million while operating profit plunged to $740,000 as fair-value losses widened. The fund is also preparing to switch its underlying ETF from NYSE Arca to the London Stock Exchange without changing its investment objective or stated total fees and costs.

Crimson Consulting has extended its A$0.73-a-share offer for Kip McGrath to 14 October and says it now has a path to control the company with just over half the register. The bidder says support and intentions represent 50.89% of shares, although part of that figure remains conditional.

WAM Alternative Assets reported a 9.1% investment portfolio return for FY2026 and maintained a 6.0 cents per share dividend, partially franked at 60%. The alternative-assets vehicle also highlighted 24 exits since Wilson Asset Management took over, completed at a weighted average 28.3% premium to net tangible assets.

Gateway Mining has secured firm commitments for a A$45 million placement, including A$20 million from Jupiter Asset Management, to fund an aggressive exploration campaign at its Yandal Gold Project. The raising follows a high-grade Cowza result and will issue 562.5 million new shares at a discount to market.

Income Asset Management Group has attributed a late director interest notice to an administrative oversight and miscommunication, after ASX questioned whether disclosure rules may have been breached. IAM says it has reiterated its director reporting process and will strengthen controls if required.

Pacific Current Group has rejected a non-binding offer from Roc Partners, citing valuation and shareholder fairness concerns, while continuing to review a separate proposal from River Capital involving a potential share issuance at $13 per share.