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Magellan falls back into FUM decline

After a slight lift in October, the fund manager suffered another fall in FUM last month. Magellan’s funds under management have fallen again, with the fund manager reporting a drop of around $80

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Magellan Financial Group chairman Hamish McLennan says M&A on agenda ahead of board pay vote

Magellan chairman Hamish McLennan says staff morale has been battered after a brutal year but says the fund manager has to rebuild and restructure.

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Barclays and Barrenjoey bankers are to co-locate in Sydney's Quay Quarter but on separate floors

Barclays, a shareholder in Barrenjoey, and the Australian upstart will relocate in 2023, housed on different floors to ensure they operate as standalone businesses.

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Helena man accused of raping woman after date

A 38-year-old Helena man was arrested on suspicion of raping a woman after a date at a bar.

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Morningstar cuts Magellan fund ratings, 'circumspect' on team changes

Ratings house Morningstar has downgraded a handful of Magellan Financial Group’s investment funds, saying the loss of senior fund managers and wider investment team turnover could impact performance. 

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Magellan seeks $1m increase to director fees

Magellan is seeking to increase the maximum remuneration paid to all non-executive directors from $750,000 to $1.75 million.

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