Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Magellan Financial Group acquires a 29.5% stake in $22B Vinva, plans global distribution and growth.

flag Magellan Financial Group acquired a 29.5% stake in $22 billion quantitative equity fund Vinva, founded by Morry Waked in 2010. flag This partnership aims to help Vinva double in size, and Magellan plans to distribute Vinva's products globally. flag Magellan reported a 31% increase in statutory net profit after tax (NPAT) for FY24, reaching $238.8 million, and a 2% increase in adjusted net profit after tax (NPAT) to $177.9 million in its full-year results, with a 31% growth in statutory NPAT to $238.8 million. flag The firm has restored stability and positioned itself for future growth, with plans to invest in the US market.

5 Articles