Magellan reports first FUM rise since January
In the first full month since the exit of chief executive, David George, Magellan has reported a rise in funds under management for the first time since January 2023.
Source: moneymanagement.com.au
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The team player
AMP group executive, platforms Edwina Maloney is confident AMP holds the key to seeing more Australians benefit from financial advice. Having always thrived in team-based roles, she now leads the charge towards that very goal. Chloe Walker writes.
Source: financialstandard.com.au
Magellan (ASX: MFG) navigates the risk of becoming a takeover target
Magellan’s executive chairman Andrew Formica is under pressure from activist investors to return capital to shareholders, while speculation mounts about the funds manager’s future.
Source: brisbanetimes.com.au
What's next for Magellan after George's departure?
The departure of David George is yet another turbulent move for Magellan, coming just weeks after the company celebrated completing its board renewal process.
Source: moneymanagement.com.au
ORG ASX: Perpetual has questioned the Brookfield-EIG bid price for Origin Energy
Perpetual is normally the fund manager helping put deals together. This time it is questioning value: $18.7 billion worth.
Source: afr.com