Statutory net profit after tax at Magellan has declined 67% while performance fees declined from $11.5m to $0.1m, as the firm announces its first-half results for FY23....

The retirement income solutions provider’s latest appointments include a chief financial officer, head of marketing, and head of human resources....

A 5.8% increase in Australian equities managed by the firm has helped drive a $900 million increase in the group’s total FUM. ...

The underperformance of the Magellan Infrastructure fund was significantly driven by the portfolio’s lack of investment in oil-related firms, according to its manager....

The $7.5 billion Magellan Global fund is exploring increasing its weighting to China as it believes its re-opening will lead the country to be the story of 2023....

Performance fees at Magellan were “not meaningful” in the six months to 31 December, compared to $11 million a year ago while total funds have dropped below $50 billion....

Global equities funds are among the most-popular funds searched for on the Money Management Investment Centre website this year....

Magellan has made changes to its board following shareholder approval to increase board remuneration by $1 million....

Magellan has seen funds under management fall to $50.2 billion with net outflows of $2.5 billion but two asset classes experienced a rise in flows. ...

Magellan is seeking shareholder approval to increase the maximum non-executive remuneration by $1 million dollars as it seeks two new board appointments....

Magellan has seen a modest uptick in funds under management after months of decline following the firm’s commitment to grow to $100 billion....

Improved performance and acquisitions are among Magellan’s priorities as it targets achieving more than $100 billion in the next five years and seeks to be the partner of...

Former First Sentier Investors chief investment officer, David Dixon, has joined the board of Magllan’s asset management subsidiary....

Morningstar has downgraded Magellan’s infrastructure funds as it is concerned about the heightened risk of a departure by its management team....