Just because Magellan Financial Group's Hamish Douglass is picking stocks for charity, don't expect him not to make a truckload of money for Rich Listers like Mike Cannon-Brookes, Solomon Lew and the Stokes, Ainsworth, Lowy and Packer families.

Douglass will spearhead five of the country's best fund managers picking their top 15 stocks for a new $500 million listed investment company to list on the stock exchange on November 21. Another 10 stocks will be picked from fund managers presenting at the annual Sohn Hearts and Minds Investment Conference on November 16, including Geoff Wilson and Alex Waislitz.