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Showing 61 - 70 of 229 results for %22Magellan Financial%22

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
Morningstar cut its fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. After requesting a trading halt Friday afternoon, this morning Magellan confirmed to the ASX that it had lost the mandate from St James' Place. The company's share ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
The chief executive of Magellan, Brett Cairns, has resigned for personal reasons. The fund manager's chief financial officer Kristen Morton is stepping in as interim chief executive. Morton has been chief financial officer at Magellan for more than ...

The challenge of retirement income

ANNABELLE DICKSON  |  FRIDAY, 12 NOV 2021
... savings and invest to receive regular and predictable income that keeps pace with inflation and without eroding capital. Magellan Asset Management head of retirement solutions and data science Paddy McCrudden told the Financial Standard Best Practice ...

Advice gap spurs boom in investment media

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... media company Equity Mates - founded by Alec Renehan and Bryce Leske - had raised $1.2 million from funders including Magellan, Zip Co chief executive Larry Diamond and Pitcher Partners wealth adviser Charlie Viola. Victoria Devine's popular She's on ...

FinClear scores clearing mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 13 OCT 2021
... achieve our needs," he said. "We are really looking forward to working with the team." FinClear is backed by Magellan Financial Group and VC firm King River Capital. It acquired Pershing Australia in June of this year.

Energy leads top stock picks: Morningstar

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... for its high-quality loan book, Challenger as it trades at an attractive discount to fair value estimate and Magellan Financial Group for being highly reputable, retaining clients and winning mandates.

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Magellan Financial Group recorded net outflows in its retail and institutional funds under management last quarter, bringing it back to June figures. The global equities strategy saw a $4 billion drop in FUM to $84 billion while infrastructure equities ...

Magellan director steps down

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
A long standing non-executive director at Magellan Financial Group has announced his retirement from the board. Paul Lewis first joined the board in 2006 and was also chair of the remuneration and nominations committee and a member of the audit and ...

ETFs hit $125bn milestone

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
... equity ETFs had over $1.4 billion of inflows, while Aussie equity ETFs recorded $544 million of inflows. During the month, Magellan, ETF Securities and Van Eck each launched a new fund. Overall, Magellan's Global Fund Open Class ($14.7bn) was the largest ...