Hamish Douglass lost his billionaire status this year,as investors punished his funds management business Magellan for underperforming the market. Can the man who likes to fast for 16 hours every day turn it around?
Magellan’s chief investment officer Hamish Douglass has defended the group’s approach to diversifying operations and predicts key stakes in loss-making companies will come good.
Airlie Funds Management portfolio manager Emma Fisher says lockdowns mean more government stimulus,lower-for-longer interest rates and keep consumers’ money in Australia.
Magellan's Hamish Douglass has said politicians might as well believe in the tooth fairy if they think government debt is consequence-free.
Funds management sector heavyweights have welcomed the federal budget but predict more volatility as the US election edges closer and a COVID-19 vaccine still not in sight.
Some of Australia's top deal makers are heading up a new investment banking venture backed by ASX-listed fund manager Magellan and British bank Barclays
Hamish McLennan was Australia's advertising golden boy and rose quickly to the top of the Australian media industry. But his biggest challenge still lies in front of him.
The funds management titan has announced a foray into the passive investment market,as the popularity of exchange traded funds continues to grip the world.
The local bourse has closed sharply higher on hopes of an end to the oil glut,as companies continue to search out funds to get through their COVID-19 hibernation.
Hamish Douglass has flagged potential big shifts in consumer behaviour in a post-COVID-19 world,as Magellan's funds under management drop below $100b.
The ASX received a shot in the arm at the end of the day,closing 5.5 per cent higher,as it looks likely $US2 trillion will be injected into the US economy.