Latest Management Fees News

Aland Equity Group expects its first capital-light property fund to deliver approximately $4.1 million in net returns by 30 June 2027. The forecast combines $3.37 million in management fees with a further $725,000 in investment returns, but remains subject to shareholder approval and successful lot sales.

Spheria Emerging Companies reported a sharp fall in FY2026 profit after tax after its portfolio returned just 0.3%, well behind the 8.1% benchmark. Monthly fully franked dividends continue and the listed investment company avoided a conversion vote after trading at a premium to NTA.

Qualitas delivered record deployment and stronger earnings in FY26, while raising its dividend and entering Europe through the Starz Real Estate acquisition. The alternative investment manager is guiding to normalised NPBT of $74 million to $80 million for FY27, subject to market conditions.

L1 Group’s funds under management rose to $19.3 billion in the September quarter, marking a fourth consecutive quarter of net client inflows. Growth was strongest in Long Short strategies and Gold, although Platinum outflows continued and a new Global Long Short capital raising is still in progress.

Bailador Technology Investments reported $28 million in FY26 cash realisations and 32% weighted revenue growth across its portfolio, while profit after tax fell to $6.9 million. The technology investment fund also reaffirmed its fully franked dividend strategy despite a 7.5% gross portfolio return that fell short of internal targets.

WCM Global Growth Limited (ASX:WQG) lifted its fully franked final dividend after posting a $66.7 million FY2026 profit and expanding its asset base by 31%. The portfolio lagged its benchmark for the year, but long-term returns remained ahead.

Lifestyle Communities recorded a sharp slowdown in both new and established home sales in the first quarter, as Victorian downsizers took longer to commit. Net debt fell by $8.4 million, but forthcoming VCAT refund payments will draw on working capital and existing debt facilities.

Clime Capital delivered a sharply stronger FY26 result, with after-tax profit rising to $10.3 million and dividends maintained. But KPMG qualified its audit after failing to obtain sufficient evidence for $36.2 million of unlisted unit trust valuations and related income and fees.

Surefire Resources is seeking up to A$2.61 million through a share placement, alongside an option entitlement offer for existing eligible shareholders. The raise could materially expand the company’s securities on issue, with the second tranche and related options requiring shareholder approval.

GCQ Flagship Fund recorded a $449.8 million loss before finance costs for the year ended 30 June 2026, as its main ETF class fell 22.8% after fees. Net assets still climbed to $1.607 billion, supported by substantial unit-holder applications, while the newly listed hedged ETF also finished below its launch price.

Westar Resources has reported a $3.30 million FY2026 loss after impairing $2.20 million of exploration assets, predominantly at Gidgee North. The explorer ended the year with $1.85 million in cash after raising $1.98 million, while adding several early-stage gold and copper projects.

International Equities Corporation Ltd (ASX:IEQ) returned to a statutory profit in FY2026, but the result was largely supported by discontinued tourism operations while continuing activities remained loss-making. An auditor’s material uncertainty warning and a new secured $1.2 million loan put liquidity at the centre of the investment case.