Magellan's positions in Tesco and Lloyds Banking Group have hurt the group's flagship Global fund as the pound has plunged in the wake of the Brexit vote, but chief executive and chief investment officer Hamish Douglass has his sights on more exciting long-term trends to add value over the coming years. https://www.financialstandard.com.au/feed/latest?story=85760622 en-AU Copyright 2026 Financial Standard 5