MFG 1.20% $9.29 magellan financial group limited

Ann: St James's Place Mandate, page-102

  1. 2,399 Posts.
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    there is no fair value for this, because there is no intrinsic value of the business

    it just pools money and takes a cut. And if the fund manager isnt performing, then noone will give you money to "manage"

    Some sort of npv of runoff of the assets under management could be done i guess
 
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