Magellan Financial Group Ltd. engages in the provision of funds management services. It operates through the following segments: Funds Management, Principal Investments, and Corporate. The Funds Management segment consists of the activities undertaken by Magellan Asset Management Limited, Airlie Funds Management Property Limited, MFG Services LLC, and Frontier North America Holdings, Inc. and its controlled entities. The Principal Investments segment is comprised of the Company's investments in the Australia stock exchange quoted funds, unlisted Magellan funds, and Frontier MFG funds. The Corporate segment includes interest income on the Company's share purchase plan loans, and cash, and corporate costs. The company was founded by Hamish Macquarie Douglass and Christopher John Mackay on March 19, 2004 and is headquartered in Sydney, Australia.