Federal Budget Update 2023

Last night Treasurer Jim Charmers announced his second Federal Budget.   The Federal Budget is a plan for how things will be spent and focus on what the Federal Government see’s as priorities as well as being a great transparency in our democratic system....

Bank Failures and Market Volatility

Silicon Valley Bank (SVB) has quickly become the second-largest bank failure in US history, behind Washington Mutual which failed in 2008. SVB is a top 20 US commercial bank and was founded forty years ago. But it took just a matter of hours for the group, most...

Federal Budget 2022 V2

Last night the Albanese Government announced it’s first adjustments to the Federal Budget.   The Federal Budget is a plan for how things will be spent and focus on what the Federal Government see’s as priorities as well as being a great transparency in our...

Federal Budget 2022

With the Federal Budget being released last night we have prepared this update to provide you with the highlights.  The Treasurer Josh Frydenberg has delivered his fourth Federal Budget overnight.  Being a Pre Election Budget it should be noted that some of these...

Magellan Global Fund

Given recent media coverage regarding Magellan and its Chairman and Chief Investment Officer Hamish Douglass, we are writing to provide you with an update on these events. As you may have already read, Hamish Douglass is taking a medical leave of absence from his...