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Anyone else having trouble with Magellan Financial Management (ASX: MFG)?

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Question asked 19/06/2026

Anyone else having trouble with Magellan Financial Management (ASX: MFG)?

Wondering how other investors are dealing with the chaotic Magellan Financial at the moment? They have merged with Barrenjoey and their website is a mess. Almost none of the links work. Of huge annoyance to me is that MGOC - a flagship fund no longer exists in that ticker, and has been almost secretly changed to V1AC, which I'm guessing refers to one of their new "partners" - Vinva Investment Management. Has anyone heard of them? I have not experienced a mid-stream change for unknown reasons like this in 23 years of investing, and it will take me over 20 hours of reformatting 68 spreadsheets to fix it. Has anyone else experienced difficulties with the decline in this previous giant of Australian investing?

Answer

Hi Bill,

An interesting question after we discussed Magellan (MFG) in our Wednesday morning report here.

Firstly, Vinva Investment Management is one of Australia’s largest quantitative (systematic) fund managers, managing ~$60 billion for institutional investors including superannuation funds, sovereign wealth funds and other large asset owners. Details of the company can be found here. Magellan bought a ~29% stake in Vinva back in August of 2024 for $138.5m, and have now appointed Vinva as the portfolio manager of ~$5.3bn of Magellan global equities funds. It’s a very different investment style than MFG historically ran, however, Vinva have a better performance track record.

As part of the change, management fees will fall from 1.35% to 0.89%, and performance fees will be removed.

We’re sorry to hear of your frustrations with the changes unfolding at MFG, and the work that you will need to do on your spreadsheets, however, with the help of Claude, we’re sure AI could knock over any changes pretty quickly. We find Claude very good on spreadsheets, particularly working with existing models or frameworks to optimise them. We’re not invested in MFG funds ourselves, so not directly across this issue.

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Magellan Financial Group (MFG)

LAST UPDATED 17/06/2026 12:42

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