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Showing 1 - 10 of 52 results for "St James"

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
Having steered its own global disruption fund to a stellar 2023, Loftus Peak will now replace Orca Funds Management as investment manager of its remaining strategy. Towards the end of last year, it was agreed that Loftus Peak will take over as investment ...

Tyndall launches Aussie small cap fund

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2023
A new small cap fund from Tyndall Asset Management will invest in up to 70 local companies the manager views as undervalued. In what is Tyndall's first fund launch since 2008, the Tyndall AM Australian Small Companies Fund was incepted in March ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... management at Magellan dropped 39% from September 2021 to March 2022. Most notably, in December 2021 UK wealth manager St James's Place yanked a $23 billion mandate from Magellan. The latest outflows come after Hamish Douglass tendered his resignation ...

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
Magellan Financial Group reported another massive outflow in which $5 billion left the ASX-listed fund manager in two weeks. This brings total funds under management to $69.1 billion as at March 11. Some $4.7 billion of the most recent outflows came ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
Investors continue to abandon Magellan Financial Group as funds under management currently dip below $80 billion. Some $18.3 billion disappeared from the ASX-listed fund manager between December 2021 and February 23, as total FUM now sits at $77.2 billion. ...

Magellan funds under review

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
... the share price was above $20. In December 2021, the company's share price took a significant hit after UK wealth firm St James' Place pulled a $19 billion mandate. Magellan's share price tumbled from a high of $34.50 in November to less than $20. At ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
Magellan chair Hamish Douglass will take a medical leave of absence to prioritise his health after a period of intense pressure, the company has said in a statement to the ASX. The leave of absence comes as Magellan reports a loss of almost $2 billion ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
Magellan Financial Group chair Hamish Douglass continues to take a contrarian stance by shunning "turnaround companies", claiming they make it difficult for fund managers to be profitable. A company in the process of turning around its operations are ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... 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 its mandate with Magellan came down to performance. Morningstar estimates the SJP mandate was worth $19 ...

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 ...
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