2 days ago · GQG Partners saw its funds under management grow by nearly 5 per cent in January to more than US$160 billion, shrugging off outflows experienced…

5 hours ago · While the start of 2025 is positive, the tide has not yet turned for the asset manager with Morningstar research forecasting further outflows expected over the next five years at 20.1 per cent of its FUM per annum. In its Australian Asset Manager report for Q2 FY2024–25, which surveyed seven active asset managers, it forecast a rapid loss of institutional mandates to persist for Platinum and ...

Sep 9, 2024 · After a financial year full of turnaround steps, the firm announced its statutory NPAT was $238 million, up from $182 million in FY23. FUM was $36.6 billion, comprising $17.1 billion in retail assets and $19.4 billion in institutional ones, and …

5 days ago · As the firm announces a raft of executive changes, funds under management (FUM) at Magellan rose slightly during January. During the month, it said FUM rose 1.2 per cent from $38.6 billion to $39.1 billion, regaining its losses in December when it experienced outflows of …

Target audience Aimed primarily at financial planners and dealer group principals, Money Management is also widely read by fund managers, accountants, bankers, insurers and government. Editorial coverage Money Management provides accurate, informative and insightful editorial coverage of the Australian financial services market, with topics including taxation, managed funds, property ...

Dec 19, 2024 · Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.

Dec 5, 2024 · The strategic partnership with Vinva was announced in August at the firm’s FY24 results, with Magellan acquiring a 29.5 per cent stake in parent company Vinva Holdings.Vinva manages active systematic equity strategies across Australian and global equity markets, having been founded in 2010 by Morry Waked.

Dec 30, 2024 · As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024. The past 12 months have seen several milestone moments for the Australian advice profession, ranging from a flurry of M&A activities to notable legislative reforms and prominent people moves.

Dec 17, 2024 · Locally, the number of billionaires increased from 41 in 2023 to 43 in 2024, marking a rise of 4.9 per cent. There was a 16.3 per cent rise in Australian billionaire wealth from US$173.5 billion last year to $201.8 billion this year.

Jul 3, 2024 · AustralianSuper’s return, while still above its goal of achieving CPI plus 4 per cent over the long term, falls behind a number of its peers that announced results this week, such as HESTA’s 9.1 per cent for its MySuper Balanced Growth default option, and Australian Retirement Trust’s 9.9 per cent for its balanced option.