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Magellan s Formica on growth ambitions via fund expansion

Magellan’s new chairman, Andrew Formica, says he is “deeply motivated” to return the fund manager to a growth footing by expanding its offerings.

Magellan sees 17% global equity FUM loss

Magellan Financial Group has seen funds under management decline in September, with a 17 per cent loss seen in the global equities division.

Platinum share price: Severe organic decay : Barrenjoey slams Platinum s trading update

The money manager’s assets and earnings are on a “severe downward trajectory,” according to Barrenjoey’s Gerardo Covarrubias.

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