February
Jun Bei Liu’s new fund carries more than romance risk
The star stock picker still has the support of UniSuper. With the size of its mandate, she needs it.
November 2023
How Guzman y Gomez bungled its grand plans to be the next McDonald’s
Documents filed with a California court reveal how ex-managers allege the Mexican-themed restaurant chain sent its boss to a “cult-like” life coach.
October 2023
Joe Aston’s farewell column
After 12 years of writing Rear Window, my reward was the belly laughs I got to share with AFR readers as, again and again, we denuded the most fantastic pretenders in the nation.
June 2023
Activist’s prescription for Magellan goes back to the future
Sandon Capital says its push to restore value at Magellan is based on a return to the things that made the fund manager great.
Magellan should return capital to win back investors: Sandon
It has urged the fund manager to abandon its plan to rebuild funds under management to $100 billion and focus on returning at least $300 million to shareholders.
February 2023
Celebrity fund managers on the nose as alternative models soar
The halos around celebrity fund managers like Neil Woodford and Cathie Wood have slipped on the back of ridiculous claims and investment blow-ups.
December 2022
The good, bad and ugly of business in 2022
Heroes became villains and green became gold – or at least copper. Here are the biggest thrills and spills from a huge year in business.
Magellan draws line under Hamish Douglass era
The fund manager wants to move on from being a founder-led company, its chairman told shareholders, who overwhelmingly approved doubling directors’ fees.
November 2022
Why Magellan shareholders aren’t selling like Douglass
While Magellan’s co-founder has dumped most of his shares, staff that took out loans to buy shares owe tens of millions of dollars in debts.
Douglass’ Magellan selldown poses $733m question for listed fundies
The massive amount of money Hamish Douglass left on the table by not selling at the peak raises a question for listed fund managers.
Hamish Douglass drops two-thirds of his Magellan shares for $118.3m
Magellan Financial Group co-founder Hamish Douglass told the manager he was selling for “family diversification purposes”. He sold at $9.10 a share.
October 2022
Magellan reshuffle reignites key man risk
David George will be chief executive and chief investment officer of Magellan, replicating the structure in place under Hamish Douglass.
August 2022
Hamish Douglass still having his way with Magellan
Given what Douglass inflicted upon Magellan shareholders, what was he thinking exercising his right to a $2.5 million severance cheque?
July 2022
Magellan loses $5.2b of funds as rival GQG wins mandates
The under-fire investment group said investors pulled a further $5.2 billion from its funds, as assets under management fell to $61.3 billion over the quarter.
June 2022
Douglass to return to Magellan in consulting role
He will cease to be a permanent member of the staff in June and the consulting role will start in October, in which he will provide ‘valuable investment insights’.
Douglass returns to Magellan. Well, sort of
Hamish Douglass will cease being a full-time employee and return as a consultant. Certainty over his role helps with stability at the beaten-down fund manager.
Hamish Douglass sells family’s $30m Double Bay estate
Hamish Douglass and his sister Sybella Morris sold their long-held family home in Sydney’s Double Bay on Thursday night for an estimated $30 million.
May 2022
Magellan buoyed by ‘early signs of stability’
The combination of hiring a new chief executive and a soft valuation for shares within its global equity portfolio offers a boost to the firm’s share price.
Magellan sells Guzman y Gomez stake to Barrenjoey unit for $140m
Magellan has closed its Mexican fast food bet thanks to the investment bank it partly owns.