ASX Announcements
Full Year Results Briefing - 15 August 2024 at 11.30 am
Notification of Results/Reporting Date
- Aug 8, 2024
- 1 page
Yesterday
Magellan fund redemptions put shareholders on edge
Anxious shareholders were rattled by the $800 million in funds under management that walked out the door from the Magellan Global Fund in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
Duncan Saville’s Somers eyes investment in Magellan-backed FinClear
It comes as FinClear, on Thursday, quietly opened a share sale to match buyers and sellers on its register, including employees and external investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Newcomer Canopy Investors nabs Magellan analyst
Street Talk can reveal the boutique global small and mid-cap equities manager has brought in Magellan senior analyst Jack McManus as a portfolio manager.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Ex-Magellan stock pickers partner with Bennelong to launch new fund
Kris Webster and Michael Poulsen each spent more than a decade at the investment firm before finally setting up their own shop last year.
- Joshua Peach
The top 20 stocks by dividend return this year
Insurers, miners and fund managers were the top performers, but experts warn of income traps.
- Lucy Dean
May
Airlie’s Emma Fisher is making her next big bets
Mineral Resources and Reece have been career-defining picks. This year, she’s sold down CBA and is going large on one of the most shorted stocks on the ASX.
- Sarah Jones
Magellan has a curious connection to rolling Magnis Energy disaster
The corporate regulator launched legal proceedings against the EV hopeful last week. It wasn’t the first compliance team to take an interest – in a way.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
Magellan reveals Barrenjoey’s $10 million half
Magellan holds a 36 per cent interest in Barrenjoey, a home-grown investment bank that has been seeking to pinch market share from established shops since it launched in 2020.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cashed-up Magellan wants bolt-ons after poaching Maple-Brown boss
Magellan recruit Sophia Rahmani will lead a hunt to acquire boutique fund managers and restore the firm to its former glory.
- Jonathan Shapiro
Magellan confirms Sophia Rahmani as its next CEO
It comes after CEO and managing director David George stepped down from the role in October.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
Fairlight’s newest recruit, Abbey Cook, is betting big on beauty
The fund manager explains why she is so bullish on one US retailer and what she learnt from co-founding homegrown hedge fund VGI Partners with Rob Luciano.
- Joanne Tran
Citi downgrade derails mega Magellan share price rally
The investment bank’s researchers warned clients not to become “too excited” after the fund manager appeared to stabilise outflows last month.
- Emma Rapaport
GQG bucks fund manager woes as assets hit $180b
GQG saw $14.8 billion of inflows in 2023 in a year that most ASX-listed money managers would rather forget.
- Emma Rapaport
December 2023
Wilson claims $5.6m of Bolton’s Magellan profits ‘unaccounted for’
Geoff Wilson’s lawyers are demanding more information about how activist Nick Bolton has allocated the profits from his Magellan options raid.
- Jonathan Shapiro
- Opinion
- Investing
The many sins of Australia’s listed fund managers are now in the open
The ASX’s investment firms are paid to work out when managements are engaging in the illusion of value creation. It turns out they are the biggest culprits.
- Jonathan Shapiro
GCQ nabs Magellan analyst
GCQ Funds Management has been shopping at rival Magellan Financial Group, picking up an investment analyst from its global equities team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2023
- Opinion
- Chanticleer
Nvidia’s China hit shows tech quandary facing Magellan, super funds
A hit to Nvidia from China export restrictions shows the expensive Magnificent Seven aren’t bulletproof. But global fund managers who don’t own enough of these giants face their own problems.
- James Thomson
- Exclusive
- Food & drink
How Guzman y Gomez bungled its grand plans to be the next McDonald’s
Documents filed with a California court reveal how ex-managers allege the Mexican-themed restaurant chain sent its boss to a “cult-like” life coach.
- Primrose Riordan
King is the ‘minister for higher airfares’: Flight Centre boss
The travel industry is still stinging about a decision to block additional flights from Qatar Airways, which was seen as a boost to Qantas.
- Liam Walsh
- Opinion
- Chanticleer
Why going private might be Magellan’s best hope
Many of the fund mangers Magellan chairman Andrew Formica aspires to be like have one thing in common: they’re private companies.
- James Thomson
