Magellan Financial Group (MFG)

Shares / Stock Code

MFG

Stock Exchange / Sharemarket

Australian Securities Exchange

Magellan Financial Group (MFG) formerly Pengana Hedgefunds, is a listed investment company, which invests in new or recently formed hedge fund managers. PGN was incorporated in March 2004. It was listed on the Australian sharemarket (ASX) on 1 July 2004. The company changed its name from Pengana Hedgefunds to Magellan Financial Group in November 2006.

MFG is a fund of hedge funds. This provides investors with portfolio diversification, access to a number of different hedge fund strategies and reduced risk. MFG's customers include general investors and fund managers.Competitors include other investment companies, funds and trusts. Deutsche Bank's Xenon Alpha Plus2 is an example of a well-known fund of hedge funds.

The Company’s investments objectives include minimize the risk of permanent capital loss and achieve risk adjusted investment returns over the medium to long-term. The Company’s subsidiaries include Magellan Asset Management Ltd, New Privateer Holdings Pty Ltd and Magellan Capital Partners Pty Ltd. The Company’s business activities are conducted in Australia.

Magellan Financial Group (MFG) Products and Services

  • MFG establishes and manages globally focussed, performance oriented investment funds and invests in boutique funds managers

Magellan Financial Group (MFG) Locations and Subsidiaries

Magellan Financial Group Head Office
Level 7, 1 Castlereagh Street, SYDNEY,
NSW, AUSTRALIA, 2000
Phone: (02) 81141888
Fax: (02) 8114 1800

Magellan Financial Group (MFG) Share Price

Submitted by ASX Listed Company on 12 May, 2010 - 21:58

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