The 63 per cent fall in Magellan Financial Group shares in the last six months has drawn inevitable comparisons to fellow ASX-listed, global fund manager Platinum Asset Management.
Platinum’s share price has also been hammered in the last six months, falling almost 40 per cent. But it’s the stock’s longer-term trajectory that raised concerns among Magellan investors.
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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
