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Showing 11 - 20 of 39 results for "MFG"

Clime appoints new chief executive

KANIKA SOOD  |  MONDAY, 26 APR 2021
... licensee development. "Clime is delighted to have secured Annick as our new group [chief executive]. Since the acquisition of MFG [Madison Financial Group], Annick has displayed a deep understanding of Clime's business and is expertly positioned ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
... performance were already disclosed in filings. However, they were slightly better than sell-side analysts' expectations. "MFG 1H21 adjusted profit beat MS by 8% and consensus by 4% on lower costs. Whilst this is positive, we expect a mildly positive ...

Volatility ahead for Magellan shareholders: Morgan Stanley

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
... prospects for success" with the principal investments, building them into smooth earnings still may take five to ten years. "MFG is a high-ROE and high-multiple fund manager and is expanding into unlisted principal investments and investment banking ...

Magellan launches funds on Chi-X

ELIZA BAVIN  |  TUESDAY, 15 DEC 2020
Magellan Financial Group has launched its MFG Core Series and the Magellan Sustainable Fund on Chi-X. The MFG Core series includes three funds: the MFG Core International Fund, the MFG Core ESG Fund and the MFG Core Infrastructure Fund. Magellan said ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... manager fees may get caught up in a broader cost review and there could be some downward pressure placed on the fee rates MFG receives. Given the long standing relationship with SJP and MFG's strong fund performance we view this risk as minimal at ...

Magellan chief backs health startup

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
... including variable remuneration of $772,500, which he was eligible for but waived. At July 28, he owned 1.1 million shares in MFG and units in Magellan-owned funds. "I've invested my own money for some time as well...So I've got a range of stocks ...

Another MLC advice firm exits group

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... advisers will find the freedom and support to run their business their way at FYG." Mancell founded Mancell Financial Group (MFG) in February 1980, initially aligned to MLC until it left to operate independently. The firm is a founding member of the ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... quarter and early signs indicated this continued into the September quarter. "The exception to this is Magellan Financial Group (MFG) who continue to attract strong inflows," it said. "Weak markets in the last half generally resulted in a deterioration ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... Chi-X (so far its ETFs use ASX as the primary listing venue) by the end of the year. The inaugural set of three includes the MFG Core International Fund, MFG Core ESG Fund and the MFG Core Infrastructure Fund - all for 50bps a year, which is almost half ...

Magellan to restructure retail global equities funds

KANIKA SOOD  |  MONDAY, 3 AUG 2020
... 7.5% discount to the NAV on a future date, when they make the purchase. MGE traded at 2.7% discount to the NAV as at May 29. MFG will pay the costs of the restructure out of the company's resources including undrawn debt. "We believe that combining ...

Editor's Choice

Fidelity to roll out more active ETFs

JAMIE WILLIAMSON  |   12:49PM
The fund manager is looking to significantly boost its local lineup of active ETFs.

Prime Super finds new chief executive

ANDREW MCKEAN  |   12:45PM
Prime Super has appointed former Zurich chief of business transformation Raeline Seales as its new chief executive.

Performance test needs better metrics, durability

KARREN VERGARA  |   12:36PM
The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard.

Charles River appoints new head of APAC

ELIZA BAVIN  |   11:56AM
The State Street-owned company will welcome a new head of Asia Pacific.

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