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Magellan doubles profit, boosts FUM

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
... 31.9%. Douglass attributed the strong performance to high returns from some of Magellan's largest positions, including Visa Card, Mastercard, Microsoft and Ebay. Another contributor was Douglass' call to increase the cash weighting to 15% over the year ...
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