Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 39 results for %22Brett Cairns%22

Magellan reverts to old leadership model

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... control, sparked by losing a massive mandate in late 2021 that led to more investors fleeing and key people such as Brett Cairns leaving. Meanwhile, Andrew Formica has been appointed non-executive chair, taking over from Hamish McLennan, who becomes ...

Hamish Douglass sells $118m in Magellan shares

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... confidence, with Magellan suffering billions in outflows following his departure and that of former chief executive Brett Cairns. October proved kinder to the fund manager, reporting a slight increase in its funds under management to $51 billion from ...

Hamish Douglass returns to Magellan

CASSANDRA BALDINI  |  THURSDAY, 9 JUN 2022
... investor confidence, with Magellan having suffered billions in outflows since the resignation of chief executive Brett Cairns and Douglass' indefinite leave of absence. In its most recent funds under management update, issued this week, Magellan ...

Magellan appoints new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... was unanimous that George is the right candidate. Kirsten Morton, who has been acting in the chief executive role since Brett Cairns' sudden departure late last year, will step into the role of chief operating officer. She will also retain her role ...

Douglass exits Magellan board

KARREN VERGARA  |  MONDAY, 21 MAR 2022
... St. James's Place yanked $23 billion of its investors' money and several internal issues began to unravel. Brett Cairns resigned as chief executive and the firm's co-founder Chris Mackay stepped in to oversee the portfolio management of Magellan's ...

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... James's Place pulled a $23 billion mandate last December. This was followed by a reshuffle at the executive level. Brett Cairns resigned as chief executive and chair Hamish Douglass took an indefinite leave of absence. The firm's co-founder Chris ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... billion mandate, leaving a 12% gaping hole in revenue. This was followed by troubles at the executive level with Brett Cairns resigning as chief executive and chair Hamish Douglass announcing the separation from his wife Alexandra Douglass and then taking ...

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... second half of 2021, when institutional shareholder St. James' Place yanked out $23 billion. A confluence of Brett Cairns resigning as chief executive and chair Hamish Douglass announcing his divorce and taking a medical leave of absence have led ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... $95.5 billion in the space of three months between September and December 2021. In the same period, chief executive Brett Cairns resigned for personal reason, while Douglass had to appease shareholders worried about what the separation from his wife ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... FUM, Magellan's next four largest mandates make up just 2% of its FUM. And Ler isn't worried about chief executive Brett Cairns resigning or Hamish Douglass announcing his divorce - saying these events have no bearing on the company's investing calibre ...
PAGE:
1
PREVIOUS
NEXT