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Showing 121 - 130 of 332 results for "Magellan"

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... Macquarie Group followed behind at $493 million. Next up were the ASX at $282 million and the Future Fund at $231 million. Magellan Financial Group led the fund managers with a tax bill of $104 million followed by Platinum Asset Management at $66 million. ...

AllianceBernstein Australia eyes ETFs

KANIKA SOOD  |  MONDAY, 7 DEC 2020
... list it on the exchange, with the quoted units and unlisted units coming out of the same investment pool, similar to Magellan. Doing so required AB to change the constitution of the fund, which Driscoll said passed with a 100% vote in favor of the resolution. ...

Best managed funds, ETFs named

STAFF WRITER  |  FRIDAY, 4 DEC 2020
Too many funds, which one to pick? Money magazine's annual Best of the Best Awards recognise the standout performers. The 2021 awards looked at the top-five across 12 unlisted fund categories and separately, three ETP categories. To win funds needed ...

Magellan adds to board

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
Magellan Financial Group has welcomed a non-executive director with extensive experience in the retail industry to its board. Colette Garnsey has over 40 years' experience in retail, marketing and distribution and is currently the chair of Australian ...

Magellan axes currency hedging in trust

ANNABELLE DICKSON  |  THURSDAY, 26 NOV 2020
A Magellan trust has removed its currency hedging strategy to reduce the downside risk to the portfolio when equity markets and the value of the Australian dollar are both declining. Magellan High Conviction Trust will move to an unhedged approach to ...

Barrenjoey Capital hires from FIIG

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
The newly-launched, Magellan-backed investment bank has added a head of credit risk from FIIG Securities. Asmita Kulkarni left the role of director, investment strategy group at FIIG to join the new venture established by former Challenger managing ...

AMP Capital bids farewell to active ETFs

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
AMP Capital is delisting all of its ETFs after about four years on the ASX, following UBS Asset Management's move in March. The last trading day will be December 4, with final distributions from the wind up set for December 31. "...the decision ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
An activist shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. The UK wealth manager has been using Magellan's strategies since 2011 and was its first overseas client. ...

Magellan chief backs health startup

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
When it comes to investing his own money, Magellan's chief executive Brett Cairns likes to go back to his roots in science. Cairns was paid $1.5 million in FY20, not including variable remuneration of $772,500, which he was eligible for but waived. ...

Aussie asset managers fourth-fastest in global growth

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
... Management ($141 billion) and Pendal Group ($70 billion) made it to the 100-200 largest asset managers around the world. Magellan Asset Management ($68 billion) came in 205, followed by QIC ($58 billion) at 235 and Challenger ($57 billion) at 237. Pinnacle's ...