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Showing 11 - 20 of 78 results for %22Hamish Douglass%22

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... December. This was followed by a reshuffle at the executive level. Brett Cairns resigned as chief executive and chair Hamish Douglass took an indefinite leave of absence. The firm's co-founder Chris Mackay stepped in to oversee the portfolio management ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... This was followed by troubles at the executive level with Brett Cairns resigning as chief executive and chair Hamish Douglass announcing the separation from his wife Alexandra Douglass and then taking an indefinite leave of absence. In another blow ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... away with a $23 billion mandate last December, along with churn at the executive level, and the face of Magellan, Hamish Douglass, taking an indefinite leave of absence. "We understand the culmination of these events may have impacted the trust you place ...

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... St. James' Place yanked out $23 billion. A confluence of Brett Cairns resigning as chief executive and chair Hamish Douglass announcing his divorce and taking a medical leave of absence have led to shrinking FUM and analysts reassessing the funds. ...

Magellan funds under review

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
After Magellan co-founder Hamish Douglass announced he would take extended medical leave, the company's share price dove and its fund ratings are under review. Morningstar said all of Magellan's global and high conviction funds are under review due ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
Magellan chair Hamish Douglass will take a medical leave of absence to prioritise his health after a period of intense pressure, the company has said in a statement to the ASX. The leave of absence comes as Magellan reports a loss of almost $2 billion ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
Magellan Financial Group chair Hamish Douglass continues to take a contrarian stance by shunning "turnaround companies", claiming they make it difficult for fund managers to be profitable. A company in the process of turning around its operations are ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... largest mandates make up just 2% of its FUM. And Ler isn't worried about chief executive Brett Cairns resigning or Hamish Douglass announcing his divorce - saying these events have no bearing on the company's investing calibre or earnings outlook. "We ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
... in as interim chief executive. Morton has been chief financial officer at Magellan for more than eight years. Hamish Douglass remains as executive chair. Cairns has been with Magellan since it was founded in 2007. "Brett has been a long-standing and ...

Magellan director steps down

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... and importantly his friendship over the past 15 years has been invaluable," Magellan chief investment officer Hamish Douglass said. "Magellan is certainly richer in many ways from Paul's invaluable contribution. We wish Paul all the best in the future." ...