Street Talk
Magellan plays its hand, but Bolton isn’t done
Monday was a good day for Keybridge Capital’s Nick Bolton, but the fight isn’t over.
Street Talk can reveal the activist investor won’t be stepping back from his campaign despite Magellan’s announcement on Monday that it was considering converting the $2.65 billion global closed-end fund to an open-ended exchange-traded fund in the first half of 2024.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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