UBS aligns with Magellan
UBS Investment Bank has partnered with funds management firm Magellan Financial Group to launch a number of new funds that are intended to take advantage of the ongoing debt and equity market dislocations.
Due to be launched in early 2009, the first fund will be an unlisted fund aimed at domestic and international institutional investors and targeting investment opportunities that are unable to access initial public offering (IPO) markets due to market conditions.
A new chief executive will be appointed to head the new initiative shortly.
Magellan chairman Hamish Douglass said the group entered into the strategic alliance with UBS in order to gain access to its expertise, particularly in the pre-IPO investments area through the UBS Alternative Capital Group.
“We believe that the current market dislocation is creating considerable opportunities for disciplined investors. UBS and Magellan both believe that there are few, if any, comparable investment vehicles targeting pre-IPO and follow on private equity opportunities in Australasia,” Douglass said.
“Leveraging the strengths of both Magellan and UBS will enable the fund to access investment opportunities and generate attractive investment returns for investors.”
UBS chief executive officer Mathew Grounds said the ongoing market crisis had created a number of opportunities for patient and flexible capital.
“This strategic relationship leverages UBS’s investment banking services and Magellan’s investment management expertise to take advantage of current and future opportunities for our clients,” he said.
Recommended for you
Delayed climate action could wipe hundreds of billions from superannuation balances by 2050, according to new analysis from Ortec Finance.
APRA deputy chair Margaret Cole has called on superannuation trustees to accelerate efforts to support members moving into retirement and to strengthen protections against growing cyber and operational risks.
Super trustees need to be prepared for the potential that the AI rise could cause billions of assets to shift in superannuation, according to an academic from the University of Technology Sydney.
AMP’s superannuation business has returned to outflows in the third quarter of 2025 after reporting its first positive cash flow since 2017 last quarter.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
