Magellan loses $5.2b of funds as rival GQG wins mandates
Jonathan ShapiroSenior reporter
Under-fire investment group Magellan said investors pulled a further $5.2 billion from its funds, as assets under management fell to $61.3 billion over the quarter.
The update triggered a fall in Magellan shares on market open, but the price has soon recovered to trade 3 per cent lower at $11.90.
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