High Octane return for HFA
Hedge Funds specialist HFA Holdings Limited has surpassed $3.8 billion in assets under management (AUM) prompting it to upgrade its 2006 prospectus forecast.
The company announced on the Australian Stock Exchange (ASX) this morning that the upgrade in AUM had resulted from the success of its latest Octane series capital raising.
However, the company said that the increased AUM would not affect previously advised, full-year guidance for net profit after tax, which was expected to be at least $17.5 billion.
Commenting on the ASX announcement, HFA chief executive Paul Jensen said the stronger than expected result was a testament to the company’s continued strength and its ability to create and deliver products that meet market demand.
AUTHOR
Mike Taylor
Recommended for you
Numbers are in for 2024, with Wealth Data confirming how many advisers left during the calendar year and which business models saw the largest growth in terms of new licensees.
Praemium has seen its highest net inflows in over two years for Q2 FY25 as its Powerwrap platform returns to inflows after five consecutive quarterly outflows.
Insignia Financial has announced total quarterly net inflows of $2.3 billion as well as a third bid from Bain Capital.
As DBFO reforms around fees take effect, Adviser Ratings explores how advice businesses can adopt more transparent and client-centric pricing models in 2025.
