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Real life struggles for Magellan’s Hamish Douglass
Joe AstonColumnistMagellan Financial Group’s global equities strategy is enduring a two-year stretch of severe relative underperformance, easily the worst since its inception 14½ years ago. The flagship global fund now lags its benchmark over every single time period from three months to 10 years.
Magellan’s share price is also down 48 per cent in 12 months.
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