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Magellan plots comeback, says it will regain global standing in 5 years

Magellan plans to regain its global standing in five years’ time. Speaking at the firm’s annual general meeting on Thursday, chief executive David George said Magellan will be a fund manager of

Magellan lays out plan to regain global standing

Magellan plans to regain its global standing in five years’ time through improved, research-led performance. Speaking at the firm’s annual general meeting on Thursday, chief executive David Geo

Magellan undertaking board review

The firm has addressed a number of issues in a letter to shareholders ahead of its next AGM. In response to stakeholder feedback, Magellan has provided further detail in relation to Hamish Douglass

Magellan announces board review, discloses Douglass fee

Hamish Douglass will be paid $400,000 per annum for consultancy services. In response to stakeholder feedback, Magellan has provided further detail in relation to Hamish Douglass’s consultancy rol

We made so much money : Investor banks $15m from shorting Magellan

Tribeca Investment Partners started short-selling Magellan shares in the middle of last year because it said the stock was over-priced and underperforming. However, the leadership crisis has sent the stock price tumbling even further.

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