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Showing 1 - 10 of 72 results for "Hamish Douglass"

Magellan appoints new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... battles outflows and recovers from negative commentary around the departure of founder and chief investment officer Hamish Douglass. In its most recent funds under management update, published this week, Magellan reported a further $1.4 billion drop ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... UK wealth manager St James's Place yanked a $23 billion mandate from Magellan. The latest outflows come after Hamish Douglass tendered his resignation as a director from the board effective March 19. The board said his resignation is "due solely to his ...

Morningstar bets on active fund managers

KARREN VERGARA  |  MONDAY, 21 MAR 2022
As market sell-offs continue to pummel ASX-listed active fund managers, Morningstar is betting big that Pendal, Magellan, Pinnacle and Platinum will deliver past the short-term noise. The fund mangers' "compounding potential" for larger assets under ...

Douglass exits Magellan board

KARREN VERGARA  |  MONDAY, 21 MAR 2022
Magellan Financial Group's Hamish Douglass tendered his resignation as a director from the board effective March 19. The board said his resignation is "due solely to his medical leave of absence", which was announced to the ASX on February 7. The ...

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 ...
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