Managed Funds New fund manager: Magellan

Discussion in 'Shares & Funds' started by Glebe, 28th Nov, 2006.

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  1. Glebe

    Glebe Well-Known Member

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    29th Sep, 2019
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    819
    Location:
    Central Coast NSW
    Just a heads up...

    Magellan Flagship Fund is a listed investment company (LIC) currently undergoing its IPO. It's set to be Australia's biggest LIC. It's being run by some gun Merchant Bankers - Chris Mackay (former boss of UBS Australia) and Hamish Douglass (Co-head of Global Banking, Deutschebank Australia).

    The mandate is to invest in 50 global companies, and the fee structure is based on a small management fee and a large outperformance fee (outperformance of both the bond market and MSCI World Index).

    Prospectus:
    https://www.abnamromorgans.com.au/index.cfm?objectid=DE606830-CCB3-BE73-2744B7625F05FF81

    James Packer is throwing quite a bit of money into it. I'm considering investing, to me it has the feel of Platinum.

    Thoughts?
     
    Glebe, 28th Nov, 2006
    #1
  2. Andrew Allen

    Andrew Allen Well-Known Member Business Member

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    Brisbane
    Is James Packer investing like the retail guy or directly in the business?
     
    Andrew Allen, 28th Nov, 2006
    #2
  3. Glebe

    Glebe Well-Known Member

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    29th Sep, 2019
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    Location:
    Central Coast NSW
    It is managed by New Privateer Holdings (NPH). Consolidated Press (James Packer's private company) has a 20% stake in NPH.
     
    Glebe, 28th Nov, 2006
    #3