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Showing 21 - 30 of 39 results for "MFG"

Fund manager outflows spread into June quarter

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... industrial ex banks)," Macquarie analyst Brendan Carrig said in a July 22 note. Macquarie has moved Magellan Financial Group (MFG) to "underperform" from neutral. "MFG's performance and flows continue to drive its premium multiple, but at ~25x 1yr ...

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... operation, Clime has built trust by distilling complexity into actionable insights for investors. We are looking forward to MFG's team being part of our group and supporting MFG's financial advisers with efficiency gains and growth solutions aligned ...

Clime courts Madison Financial Group

KANIKA SOOD  |  MONDAY, 11 MAY 2020
... confirms it is in discussions in relation to the acquisition of all of the shares in the Madison Financial Group of Companies (MFG)," Clime said in ASX filings this morning. "There is no certainty that the discussions will result in any definitive transaction," ...

Magellan cracks $100 billion

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... shorter-term performance. The swelling funds under management and robust returns have come with a good bottom line. Last year's, MFG reported NPAT of $377 million, up from $212 million last year. And Magellan's has had a few firsts on the way ...

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... Fund. Magellan, at the time said, would not appoint a broker syndicate for the raise. It will also cover the IPO costs through MFG. "We are addressing potential concerns regarding conflicted remuneration by proceeding without appointing a broker syndicate ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
The $154 billion sovereign wealth fund voted against equity grants to Pinnacle Investment Management's managing director Ian Macoun and two executive directors, a summary of its proxy voting for FY19 shows. Future Fund was happy to support re-election ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... reported a 78% jump in its profit for the financial year ending June and announced a $275 million institutional raise for MFG shares this morning. Magellan's stable of well-performing equities funds are now managing an average of $75.8 billion (up ...

Fund managers lag on ESG

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... population could be a negative as industry asset mix shifts from growth to income assets," it said. Magellan Financial Group (ASX: MFG) As Magellan's ESG positives, Blagg noted the company has a sustainable fund, a new LIC which included loyalty ...

Magellan changes board responsibilities

KANIKA SOOD  |  WEDNESDAY, 5 JUN 2019
... a dedicated and experienced board and are delighted that Hamish and Robert have agreed to take on these important roles," MFG chair Hamish Douglass said. "Hamish McLennan has extensive experience both in an executive capacity and as a chairman of public ...

Magellan boosts retail push for Airlie

KANIKA SOOD  |  THURSDAY, 25 OCT 2018
Magellan is close to listing an Australian equities strategy from its recent acquisition of Airlie Funds Management as part of a bid to bring more retail money to the former insto-only strategy. Exchange-traded units of the Airlie Australian Share Fund ...