Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement

Managed funds


Andrew Formica has moved quickly to put his stamp on Magellan.

Magellan chairman’s brutal reset starts with CEO’s exit

Andrew Formica has ended the tenure of David George, as well as the latter’s ambition of getting the funds under management back to $100 billion.

  • James Thomson
Andrew Formica

Magellan chairman drops $100b ambitions as CEO departs

Magellan’s Andrew Formica has ditched outgoing chief executive David George’s ambition to restore the manager to $100 billion as he searches for a new CEO.

  • Jonathan Shapiro
The USS Canberra arrives in Sydney after a month-long journey from its base in San Diego. It is only the second US naval ship to be named after a non-American city.

Former JPMorgan banker launches $157m AUKUS fund

Technology start-ups in defence are capitalising on heightened geopolitical tensions, and fund managers are jumping in.

  • Matthew Cranston

This Month

First Sentier’s Australian equities fund topped Mercer’s returns leaderboard for the 12 months to September 30.

Pricing power delivers First Sentier growth fund Mercer prize

Australian equities geared fund ranked No.1 despite the worst performance over the past quarter among Mercer’s top 10.

  • Updated
  • Joshua Peach
Will Farrant is joining Ares Management.

Credit giant Ares hires new partner

Street Talk can reveal Credit Suisse’s head of asset finance for Asia Pacific, Will Farrant, has joined the US investment firm as a partner in its credit group.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Melior co-founders Lucy Steed and Tim King.

Investors find value in championing social good

Impact investing is on the rise as more Australians seek to drive positive change as they reap financial returns.

  • Prashant Mehra

Super fund QSuper hands back keys to NYC office tower

QSuper has quit a big bet on Manhattan real estate as rising interest rates and falling vacancies spoil its global property interests.

  • Jonathan Shapiro
It would be Judo’s first AT1 offer, a sign the bank is maturing and is a serious player in the local banking market.

Judo belts out record margin for hybrid capital

Judo’s new hybrid offer is paying a generous interest rate of more than 10 per cent. That has investors equally excited and concerned.

  • Jonathan Shapiro
Daniel S. Loeb, founder of Third Point.

Dan Loeb to headline Sohn Hearts & Minds

The famed hedge fund manager has built a reputation as a fierce shareholder activist and his brutal letters to management have become legendary on Wall Street.

  • Jonathan Shapiro
Magellan CEO David George.

Magellan lawyers up for Bolton defensive

Street Talk understands Magellan has Allens and MinterEllison in its corner; Bolton is represented by Allen & Overy.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Keybridge Capital’s Nick Bolton.

Magellan to challenge Bolton push for a vote

Magellan wants the courts to decide whether activist Nick Bolton can call a meeting of unitholders in its $2.65 billion closed end fund.

  • Jonathan Shapiro
Blackwattle Investment Partners (from left) Michael Skinner, Jarred Rubin, Matthew Dell and Maggie Mills in their Sydney office.

Watermark’s Braitling hangs up his boots; hands fund to Blackwattle

Street Talk can reveal Watermark chief investment officer Justin Braitling is retiring from the industry and handed over the reins of his Absolute Return Fund to Blackwattle.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Brad Jones, Assistant Governor (Financial Systems) at the Reserve Bank of Australia sees tokenisation as a way to save costs.

Why banks are looking at real-world asset tokenisation

Banks spend billions each year on systems to track and finalise millions of trades. Could crypto help to streamline processes?

  • James Eyers and Jessica Sier
Gregg Taylor joined Salter Brothers in March 2022.

Salter Brothers hit the market with new tech fund

Gregg Taylor’s new wholesale equities fund is targeting $50 million in commitments to funnel into private and listed multi-stage tech companies.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Magellan activist to vote against John Eales as director

Activist investor Sandon Capital says it will vote against the re-election of director John Eales at the fund manager’s annual general meeting, citing the group’s pay policies.

  • James Thomson
Magellan have signalled their intention to convert their closed end fund into an open-ended fund.

Magellan’s closed-end fund experiment nears end game

Magellan’s grand plan to entice investors into its closed-end funds is nearing an undignified end as the entire sector faces an existential threat.

  • Jonathan Shapiro
Keybridge Capital’s Nick Bolton.

Magellan plays its hand, but Bolton isn’t done

Street Talk understands the activist investor won’t be stepping back from his campaign despite Magellan’s announcement

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Magellan’s board

Catalano hails ‘$600m man’ after Magellan yields to Bolton

Magellan says it will take steps to dissolve the discount of its $2.65 billion closed-end fund, a move that has been hailed as a win for activist Nick Bolton.

  • Zoe Samios and Jonathan Shapiro
Dr Brian McNamee says he can’t control the share price.

What’s been eating CSL? Blue chip company feels the Ozempic effect

One of Australia’s most loved businesses has come under attack from two powerful macro forces. It must now convince investors it’s the same old CSL.

  • Jonathan Shapiro
SVB marked the largest bank collapse since the GFC and set the stage for the best short of 2023.

How this hedge fund pulled off 2023’s ‘big short’

Ravi Chopra’s Azora Capital successfully shorted all four of the US banks that failed in March and sent financial markets reeling.

  • Joshua Peach