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Showing 111 - 120 of 335 results for "Magellan"

O'Dwyer joins Barrenjoey

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... Barrenjoey's future success," Benari said. O'Dwyer and Spencer join Gonski, Barclays Global Head of Banking Paul Compton, Magellan chief executive Brett Cairns, and Barrenjoey founding partners Guy Fowler, John Cincotta and Benari. The firm noted it ...

ETP demand soars, unlisted unit trusts retract

KARREN VERGARA  |  TUESDAY, 13 APR 2021
... "The money isn't leaving managed funds however, it is moving to ETPs." One notable move helped boost ETP assets. Magellan converted three global equities products: one fund now has two different unit classes, one of which is now the largest ETP in ...

Fidante opens Singapore office, hires from AMP Capital

KANIKA SOOD  |  THURSDAY, 8 APR 2021
... increasingly looked to add overseas clients, for reasons including in-housing of investments at superannuation funds. Magellan was getting most of its institutional flows from overseas investors as at February 2020; Pinnacle Investment Management last ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

What to expect from February reporting season

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... reporting next week, with Challenger and Macquarie slated for Feb 9, Commonwealth Bank for the February 10 and AMP, ASX and Magellan for February 11. Financial stocks' 12-month forward PE is 16.7x, which is higher than long-term average for the sector ...

Better inflows ahead for Perpetual, Pendal: MS

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... should improve this year, Morgan Stanley analysts said in a note on Australian asset managers, which has Platinum and Magellan at underweight. Morgan Stanley said asset managers are trading at group average 12-month forward consensus P/E of about 16x ...

Charity LIC chief executive to depart

KANIKA SOOD  |  WEDNESDAY, 27 JAN 2021
... $69.6 million in annualised fees since inception, returned 1.9% better than its benchmark over the period. Caledonia, Magellan and Cooper Investors together manage about a third of the LIC's assets.

Volatility ahead for Magellan shareholders: Morgan Stanley

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
Magellan Financial Group's shares could be more volatile in the years ahead versus its 31% earnings in CAGR over the past three years as it diversifies its business, according to Morgan Stanley. Magellan Financial Group in September 2020 took a 40% ...

Barrenjoey hires from Ord Minnett

KANIKA SOOD  |  WEDNESDAY, 20 JAN 2021
... worked as an analyst at Deloitte for about a year. At Ord Minnett he covered listed financials including fund managers Magellan, Platinum and Pinnacle and platforms including HUB24 and Netwealth. Barrenjoey is 40% owned by Barrenjoey and 9.99% owned ...

Magellan continues fund restructure

ANNABELLE DICKSON  |  MONDAY, 18 JAN 2021
Magellan Financial Group has progressed to the next step of the restructure of its retail global equities funds and opened the partnership offer to eligible investors. Magellan announced in August that it was seeking unitholder approval to combine the ...