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Magellan’s financial adviser flows under threat

New business from wealth managers could dry up for besieged fund manager Magellan Financial Group after influential research house Lonsec placed eight of its global equities products on “fund watch”.

Lonsec’s new rating follows Monday’s shock announcement that chief investment officer and co-founder Hamish Douglass would take an indefinite medical leave of absence.

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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/lonsec-puts-magellan-global-funds-on-watch-20220209-p59v05