Embattled fund manager Magellan revealed investors had pulled another $5 billion from its funds,just weeks before a new CEO begins.
A police raid on Deutsche Bank this week sent shockwaves through the $US30 trillion-plus ESG sector. Everyone should have seen it coming.
The former NSW premier made the remark as he announced he was taking on a new role chairing a philanthropic fund manager.
It’s not often that the world’s biggest banks are portrayed as victims. But that is what happened when Archegos founder Bill Hwang and his chief financial officer were arrested yesterday.
Magellan’s shares have jumped over 12 per cent after it reported funds under management had increased,after months of sharp outflows.
Magellan co-founder Chris Mackay has vowed not to change the fund manager’s approach to stock-picking after it suffered another $5.5 billion in outflows.
Hamish Douglass lost his billionaire status this year,as investors punished his funds management business Magellan for underperforming the market. Can the man who likes to fast for 16 hours every day turn it around?
If you have never heard of James Mawhinney you may have dodged a bullet.
The listing of the first Bitcoin exchange-traded fund is an early step in the process of bringing crypto assets into a more regulated environment.
Many investors now consider sustainable and ESG-centric products the way forward – not only in terms of the social contract but also the investment opportunity itself.
Those with ineffective policies and poor processes and who merely clam to be ethical are being left behind.