Magellan shares jump after fund manager appoints new leader

Magellan shares jump after fund manager appoints new leader

The embattled firm,which has faced multiple departures of senior executive,has appointed a new leader with the view to appoint her to the top job.

  • byMillie Muroi

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How this maverick investor pulled off a $20 million virtual corporate heist

How this maverick investor pulled off a $20 million virtual corporate heist

This isn’t Nick Bolton’s first rodeo,but it will count as his most lucrative for his investment company Keybridge.

  • byElizabeth Knight
Former Wallabies skipper almost crash-tackled off Magellan board

Former Wallabies skipper almost crash-tackled off Magellan board

Ex-Wallabies star John Eales narrowly survived a vote on his tenure as director of the embattled fund manager as shareholders rejected the firm’s executive pay.

  • byMillie Muroi
Magellan navigates takeover target risk
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Investing

Magellan navigates takeover target risk

Magellan’s executive chairman Andrew Formica is under pressure from activist investors to return capital to shareholders,while speculation mounts about the funds manager’s future.

  • byAnne Hyland
Continuous explosions:Magellan chief executive exits with a bang

Continuous explosions:Magellan chief executive exits with a bang

It is paradoxical that Andrew Formica says the key to stemming the outflow of funds across Magellan’s products is to have “less noise” when the shock departure of the chief executive screams chaos.

  • byElizabeth Knight
Surprise exit for Magellan chief as company bleeds funds

Surprise exit for Magellan chief as company bleeds funds

Magellan boss David George left the role on Wednesday after just 17 months as the fund manager looks to restore its once high-flying status.

  • byMillie Muroi
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Magellan shares hit 10-year low as it continues to bleed funds

Magellan shares hit 10-year low as it continues to bleed funds

The fund manager’s share price plunged by almost a fifth on Friday after it said investors pulled another $2 billion from the company last month.

  • byMillie Muroi
Magellan shares soar on cost cuts,capital return as profits hit

Magellan shares soar on cost cuts,capital return as profits hit

The former high-flying fund manager continued to bleed funds but saw improvement in its flagship fund and announced a special dividend to return cash to investors.

  • byMillie Muroi
The $100b question:What’s ailing fund manager Magellan?

The $100b question:What’s ailing fund manager Magellan?

The hit from rock star stock pickers leaving the business is largely in the past. But the fund manager still faces a long road to regain investor confidence.

  • byClancy Yeates
Magellan continues to bleed funds despite improving performance

Magellan continues to bleed funds despite improving performance

Investors continued to walk out on the embattled fund manager,but analysts said there could be a turnaround if the company sustains its performance.

  • byMillie Muroi
Airlie’s funds under management shrink by $3b as stockpicker retires

Airlie’s funds under management shrink by $3b as stockpicker retires

The looming retirement of veteran stockpicker John Sevior from Magellan’s Airlie Funds Management has prompted two institutional investors to move their money elsewhere.

  • byClancy Yeates