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MAGELLAN
Funds management
Magellan has seen quarterly net outflows of $5.2 billion in the three months to 30 June, causing total funds under management to fall to $61.3 billion. ...
People & Products
Magellan’s general manager for distribution, Frank Casarotti, is set to leave the firm after 15 years....
People & Products
Magellan has amended the mandate of its $564 million High Conviction Trust from a maximum of 12 companies to 20, while adding a second portfolio manager....
Funds management
Magellan has exited its stake in restaurant chain Guzman y Gomez, selling its 11.6% stake for $140 million....
Funds management
Magellan has confirmed Hamish Douglass will return to the firm in a consultancy role from October 2022....
Funds management
Funds under management at Magellan have fallen from $68.6 billion to $65 billion in May, a monthly loss of more than double April’s figure....
Funds management
Barclays has increased its shareholding in Barrenjoey Capital Partners from 9.9% to 18.2% by way of subscribing for $75 million of new capital following earlier investmen...
People & Products
Magellan Financial Group has appointed David George from Future Fund as chief executive and managing director....
Funds management
Funds under management at Magellan have fallen to $68.6 billion in April although there was a slight uptick in its infrastructure division....
Editorial
Asset managers are coming to terms with key-man risk as advisers and investors question the succession plans for their teams....
Funds management
Hamish Douglass has resigned from the board of Magellan in light of his continued absence from the firm....
Funds management
Monash Investors has initiated a short position on Magellan as it is concerned the firm will get significantly smaller in light of its underperformance. ...
Funds management
Magellan has hit out at “sheep-like behaviour” causing fund outflows and taken action to maintain liquidity as Hamish Douglass’ return date remains unconfirmed....
Funds management
Shares in Magellan have risen 16% today after the firm announced a 24% increase in net profit after tax in its half-yearly results....
Funds management
Magellan Financial Group has lost $6.4 billion in less than two weeks as chair and chief investment officer Hamish Douglass takes ‘leave of absence’....
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Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...