Magellan sees fifth monthly FUM increase despite slower pace in March
Although the fund manager continued to recover in March, the pace was slower compared to previous months.
Source: moneymanagement.com.au
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Magellan names Rahmani as new chief, reports NPAT lift
Magellan Financial Group is hopeful new managing director Sophia Rahmani will help steady the ship, as it sharpens its focus on the US and reports a 24% increase in statutory net profit after tax despite plummeting funds under management.
Source: financialstandard.com.au