Listed fund manager Magellan Financial Group attracted $154.2 million in wholesale mandates during September, bringing the group's total funds under management (FUM) to nearly $1.5 billion.
The group's total FUM, which includes retail funds, rose from $1.33 billion at the end of August to $1.49 billion at the end of September.
At the end of the 2010 financial year, Magellan reported FUM of $1.15 billion.
Magellan has received steady inflows from institutional clients in the first quarter of this financial year.
In July, the group reported $130.8 million in wholesale mandates.
Only in August, the fund manager experienced modest outflows of less than $10 million, due to some profit taking from clients.
