Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 413 results for "Magellan"

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
Magellan is seeking to increase the maximum remuneration paid to all non-executive directors from $750,000 to $1.75 million. Magellan has scheduled an Extraordinary General Meeting to vote on the matter on December 14. The last time shareholders approved ...

Women-led global equities teams outperform in downturn

JAMIE WILLIAMSON  |  WEDNESDAY, 9 NOV 2022
... operate in Australia, including abrdn, Acadian, AllianceBernstein, Baillie Gifford, Epoch, Franklin Templeton, Lazard, Magellan, Morgan Stanley, Nikko, Schroders, and T. Rowe Price. Investment Metrics evaluated the gross-of-fee calendar year active returns ...

Hamish Douglass sells $118m in Magellan shares

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
Hamish Douglass has dumped $118.3 million of his Magellan Financial Group shares in a partial sale. Approximately 13 million in shares were sold last night through an after-market block trade at $9.10 per share. Magellan was informed that an entity ...

October proves kinder to Magellan

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
After months of decreasing funds under management, Magellan Financial Group has reported the slightest of increases to its FUM despite further outflows. As at October end, Magellan's FUM sat at $51 billion; a month earlier it was $50.9 billion. Its ...

Magellan targets $100bn in five years

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2022
... under management by 2027 by diversifying its capabilities and strengthening its UK and Europe operations. Speaking at the Magellan annual general meeting, George acknowledged Magellan's poor investment performance and said there are several opportunities ...

AMP debuts hybrid retirement solution

ANDREW MCKEAN  |  TUESDAY, 18 OCT 2022
... of activity in the retirement space. Other providers of similar products include Generation Life and Allianz Retire+. Magellan also launched its long-awaited retirement product last year but closed it in July due to lack of interest.

Magellan makes investment leadership changes

JAMIE WILLIAMSON  |  MONDAY, 17 OCT 2022
Magellan Financial Group chief executive David George has officially taken on the additional role of chief investment officer, and a deputy chief investment officer has been appointed. In addition to chief executive and managing director of the group ...

Worst performing super funds named

CASSANDRA BALDINI  |  WEDNESDAY, 12 OCT 2022
... against each other, and therefore, as a group, cannot outperform the market. "Former market darlings, like Platinum and Magellan, have been replaced by new and better performing fund managers," the report reads. "What all these fund managers have in ...

Magellan FUM drops further

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
Magellan Financial Group has seen a further $7 billion shaved off its funds under management in September. The group saw net outflows of $3.6 billion, $3.2 billion of which was institutional FUM while $0.4 billion was net retail outflows. The balance ...

Managed funds industry records $16bn net flows

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
... in percentage terms, its two international equities funds had combined net flows of $469 million or 66%. Oppositely, Magellan had the highest net outflows over the 12 months, losing $5.2 billion or 23% of its managed funds assets. With respect to products ...