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Magellan has appointed Amy Krizanovic as head of ESG and it is understood her predecessor and former deputy CIO, Dom Giuliano, has departed the firm after 16 years.
The once dominant fund manager has seen funds under management reduced from over $116 billion towards the end of last year to $61 billion at the end of the financial year. The $11 million it earned in performance fees for the financial year is a fraction of recent years.
Institutional outflows have again dragged down the firm’s FUM. Magellan Financial Group has announced its funds under management (FUM) continued to decline in July, ending the month down $1. 1 bil