Magellan, AMP Capital downsize in the rain

Magellan, AMP Capital downsize in the rain
What does it mean when a fund manager offers free umbrellas as a corporate gift? (Image: Depositphoto)
David Chaplin
Full disclosure: I have a Magellan umbrella.Fuller disclosure: I have two Magellan umbrellas both picked up at the last great funds' management gathering in New Zealand before the covid-19 crisis went mainstream in March 2020.Greedy, maybe, but it was Auckland and what if one failed?Magellan pulled a big crowd to the 2020 show, filling the Cordis hotel to the brim in what may have just avoided being a super-spreader event by a matter of days.Headlined by co-founder Hamish Douglass, the sold-out Auckland presentation underscored the widespre...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024