Seven billionaire Kerry Stokes declared that “Magellan is a fine company” and “I have the highest respect for [Hamish Douglass′ emergency replacement Chris Mackay].” Yet by his own admission, he doesn’t own a single Magellan share and he hasn’t got a dollar in Magellan’s funds.
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Joe Aston helmed The Australian Financial Review's Rear Window column from 2012 to 2023. Connect with Joe on Facebook and Twitter.
