Magellan launches flagship global equities fund
Magellan Financial Group (MFG) is to launch its Magellan Flagship Fund (MFF) today, which is expected to become Australia’s largest global equities fund on listing next month.
The fund, which will target 50 investments globally, aims to list on the Australian stock exchange on December 12 in a $378 million float.
MFG is chaired by Chris Mackay, former UBS head of investment banking in Australia, and Hamish Douglass, former head of mergers and acquisitions at Deutsche Bank in Australia.
Cornerstone partners in the Magellan venture include the Packer family’s Consolidated Press, Naomi Milgrom, who runs and owns the Sussan Group, and Simon Leversha, former managing director of Citadel Investments.
The MFF fund is intended to be the first of several other global funds to be introduced by MFG focusing on the infrastructure and financial services sectors, among others,
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