Hints and tips:
...“Buy what you know” was a keystone of his investing philosophy — one that earned the Fidelity Magellan fund a benchmark-beating 29 per cent annualised return under his 13-year stewardship....
...Magellan “completely reversed its view of industry prospects”, EIP said in a securities filing. But 55 per cent of outstanding Magellan unit holders approved the transaction on Thursday....
...Oil-focused pipeline group Magellan Midstream Partners has explicitly pointed to gas’s “more powerful growth engine” as it pursues a sale to the gas-heavy Oneok....
...News round-up FTC lawsuit targets serial acquisitions by private equity (FT) Venture firm GGV Capital to split off China business after US pressure (FT) Magellan Midstream holders approve $18.8bn sale...
...The artist formerly known as the Spartan 500 index fund is now almost four times bigger than Willian Danoff’s Contrafund and more than fifteen times larger than the once-imperious Magellan Fund....
...During the hush-hush negotiations, code named Project Columbus, AT&T was referred to as Armstrong, WarnerMedia as Magellan and Discovery as Drake....
...For example, Magellan Midstream, an energy MLP, last year paid out only about 71 per cent of its cash flows as dividends....
...ICE’s contract is delivered at Houston terminals owned by Magellan Midstream Partners, whose specifications allow oil with a wider gravity band of 36-44 degrees and a sulphur cap of 0.45 per cent....
...Global and local asset managers have recently entered the market, including Schroders and Magellan....
...Magellan Financial Group, a fund management business, said on Thursday it was terminating its three-year sponsorship of Cricket Australia, worth a reported A$20m ($15.3m), because of a conspiracy by the...
...Anthem shares slid 3 per cent to $184.10m, while Aetna shares slipped 1 per cent to $152.78 and shares in Magellan Health declined 2 per cent to $84.05 Meanwhile, shares in Tenet Healthcare declined 5.5...
...(Magellan did much worse both times). These are marginal outperformances, thanks to Growth Fund’s small cash holdings....
...Tellurian entered into a merger agreement with Magellan Petroleum, a listed company, in early August and expects the agreement to close in the fourth quarter this year, it said....
...“We’ve assumed that they’re going to default,” Aaron Milford, Magellan chief financial officer, said on a conference call last month....
...It would be nice to have this corroborated from the main providers who are Enbridge, Plains and Magellan. Related links: It’s all about Cushing – FT Alphaville...
...Last week, Australia’s Magellan Asset Management listed the country’s first equity ETMF....
...This is also true in equities, where Fidelity’s Magellan fund also grew so big that it could only hope to beat the market by taking big unbalanced bets....
...That applies to Peter Lynch, who left Fidelity’s Magellan fund at the age of 46. Its subsequent deterioration came years later, and did not affect his reputation....
...Second, size is the enemy of performance for active fund managers, as other industry titans such as Fidelity Magellan, once the biggest of all funds, have found to their cost....
...Among the smartwatches on show or launched here this week were new models from Pebble (Pebble 2.0), Qualcomm (Toq Smartwatch), Magellan (Echo), Ezio and E Fun (Nextone)....
...Magellan is spending $375m to reverse a pipeline to carry 225,000 b/d from west Texas to coastal Houston and is contemplating another 278,000 b/d line in the same direction....
...Magellan Midstream is reversing the 60-year old Longhorn pipeline to move crude from west Texas to near Houston....
...“We don’t compete with our customers,” said Mike Mears, chief executive at Magellan Midstream. This article has been changed to reflect the correct foreign exchange conversion for the Canadian dollar....
...The names of Bartolomeu Dias (Africa), Vasco da Gama (India) and Fernão de Magalhães – Magellan, who led the first circumnavigation of the globe but was killed in the attempt – echo down the centuries....
...Magellan Midstream Partners plans to open a 225,000 b/d crude oil pipeline to run from west Texas to the Gulf Coast, helping producers circumvent Cushing....
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