Magellan in key acquisitions
Leading Australian funds manager, Magellan Financial Group has announced two key acquisitions aimed at increasing its reach in both Australia and the US.
The company announced to the Australian Securities Exchange (ASX) today that it had acquired specialist Australian equities manager, Airlie Funds Management and Magellan’s distribution partner in North America, Frontier Partners Group.
Airlie was founded by John Sevior and David Cooper in 2012 with Matt Williams joining in 2016.
Airlie and Magellan now intend to launch the Airlie Industrial Share Fund which will be an Active ETF quoted on the ASX.
Where the Frontier Partners acquisition is concerned, Magellan chief executive, Hamish Douglass said it represented a natural evolution of the relationship.
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