MAGELLAN

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....

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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...

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People & Products

Magellan Financial Group has appointed David George from Future Fund as chief executive and managing director....

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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....

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Editorial

Asset managers are coming to terms with key-man risk as advisers and investors question the succession plans for their teams....

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Funds management

Hamish Douglass has resigned from the board of Magellan in light of his continued absence from the firm....

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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. ...

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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....

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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....

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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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Funds management

As Hamish Douglass takes leave from his chairman and chief investment officer roles at Magellan, Money Management explores an eventful period for the firm. ...

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People & Products

Chairman and fund manager Hamish Douglass is to take a leave of absence from Magellan Financial Group after a period of “intense pressure”....

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Funds management

The $14.2 billion Magellan Global fund is among more than 40 funds exposed to Meta, which saw its worst one-day loss since listing in 2012 at the end of last week when it...

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Funds management

Magellan Financial Group has seen outflows of $1.5 billion in the December quarter, in addition to a $23 billion reduction from the termination of a mandate with St James...

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Funds management

The Magellan Global fund’s conservative approach is like being the “designated driver at a wild party” but chairman Hamish Douglass is optimistic this year will be a bett...

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