Hamish Douglass is leaving Magellan as a full-time employee and returning as a consultant. Certainty over his role helps with stability at the beaten-down fund manager.
Hamish Douglass is coming back. But his days of being Australia’s omnipresent global investor are clearly done.
Magellan announced on Thursday that the company’s co-founder and talisman will cease to be a permanent member of Magellan’s staff next week, but will return from medical leave in October as a consultant on macroeconomic and geopolitical issues.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
