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Showing 11 - 20 of 229 results for %22Magellan Financial%22

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
Magellan Financial Group's funds under management (FUM) has continued to nosedive, following the fund manager registering $2 billion in net outflows. At September end, the ASX-listed company's FUM stood at $35 billion, consisting of $16.2 billion from ...

Smart beta 'taking over' active management share: VanEck

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... share dropping from 17% to 13.7% in the past 12 months. Interestingly, the chief contributor to this decline was the Magellan Global Open Fund haemorrhaging $763 million in the June quarter. Further illustrating the shift in investment preferences, Neiron ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... Regal owns 12% of PAC, while River Capital is the largest shareholder with a 19% stake. In another development, Magellan Financial Group announced the retirement of non-executive director Colette Garnsey, effective at the close of the company's annual ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
As Magellan Financial Group's funds under management and profit drastically decline, its investments in Barrenjoey Capital Partners and FinClear also took a toll on its 2023 financial year performance. The group's average funds under management ...

Magellan reverts to old leadership model

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
Magellan Financial Group has again overhauled its executive ranks and board, in a move that will see it revert to an old model affecting the roles of chief executive and chief investment officer. Effective today, the group's chief executive and chief ...

More than $100k raised at FICAP RockStar

STAFF WRITER  |  WEDNESDAY, 2 AUG 2023
... Original Talent, singing Bachelor Girl's hit 'Buses and Trains'. The final award of Band's Choice went to Magellan business development manager Martin van Eyk who performed the classic 'April Sun in Cuba'. Other performers on ...

FICAP 2023: Countdown is on

CASSANDRA BALDINI  |  FRIDAY, 21 JUL 2023
... Ironbark, as well as gold sponsors, Australian Unity, AZ NGA, BT, Colonial First State, EFEX, Global X ETFs, HUB24, KPMG, Magellan, Montgomery Investments, NMG Consulting, Pendal, PIMCO, Profusion Group, Schroders, SQM, and Vanguard. "Without them [the ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... previously mutually beneficial corporate deals. Other managers that lost significant amounts in their unit trusts were Magellan ($5.5bn), Ardea ($3.5bn) and Platinum ($2.7bn) because of disappointing performance. Vanguard lost $3.1 billion from its unit ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
Magellan Financial Group has taken yet another blow to its funds under management (FUM), falling $1.7 billion during the month of June. Magellan's FUM now sits at $39.7 billion. It experienced net outflows of $2.1 billion in the month, which included ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... flows reveals, making it the only fund manager to suffer double-digit outflows during the period. Together with Magellan Financial Group, which lost $6 billion, and Pendal Group which lost $5 billion, the trio accounted for $24 billion in negative net ...