Operating Highlights
- Profit after tax (excluding unrealised gains from HCT) was $7.824m, up 86.8% on FY15
- Received $1.782m in net performance fees from HCT and AVT
- Investment income of $3.657m: interest, distributions, and dividends
- Continued focus on cost control
- Excellent investment performance for most funds
- Aggregate performance fee deficit $33.8m at 30 June 2016, a $12.8m improvement on the $45.9m deficit at 30 June 2015
- Hunter Hall Global Value discount to NTA reduced sharply as a result of good performance, dividends and better communication
- Continued reduction in net outflows
- Progress with rating agencies
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