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Showing 21 - 30 of 229 results for %22Magellan Financial%22

More misfortune for Magellan

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
Once again, Magellan Financial Group has experienced a drop in its total funds under management (FUM), falling a further $0.5 billion. It saw net outflows of $2.4 billion, comprising net retail outflows of $0.4 billion and net institutional outflows ...

Magellan FUM continues backwards slide

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
Magellan Financial Group has taken yet another hit to its funds under management, falling $2.2 billion to $43.2 billion during the month of March. Magellan saw net outflows of $3.9 billion, which included net retail outflows of $0.5 billion and net ...

FICAP names new charity partner

JAMIE WILLIAMSON  |  MONDAY, 20 MAR 2023
... for a variety of charities. Sponsors include BlackRock, Challenger, MLC, BT, First Sentier Investors, Fidelity, KPMG, Magellan, and Schroders. Financial Standard is the official media partner of FICAP.

Active fund managers historically underperform: SPIVA

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... significant earnings shortfall in the event of a major fall in equity markets," Morningstar wrote. Many fund managers like Magellan are in good financial health, hold ample cash and have little to no debt. Yet this may not be enough to shield it from ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
After a period of turbulence, Magellan reported statutory net profit after tax of $83.8 million for the second half of 2022 - down 67%. The group reported the drop to the ASX this morning, though did declare an interim dividend of 46.9c per share, 85% ...

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
Magellan has reported net outflows of $2.6 billion in December, including retail outflows of $0.6 billion and institutional outflows of $2 billion. In addition to the net outflows, Magellan also experienced a $4.9 billion decrease in funds under management ...

Magellan FUM back at $50bn

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
Magellan Financial Group saw another drop in funds under management in November. This, after October saw its first increase in months. Magellan has reported that as of November 30 its FUM sat at $50.2 billion down from $51.0 last month. The drop was ...

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
... Correction: A previous version of this article mistakenly stated that David Dixon was appointed deputy chair of Magellan Financial Group. Financial Standard apologises for any confusion caused.