‘Crucial stage’: Magellan records net outflows of more than $5b - Sydney Morning Herald

Embattled fund manager Magellan revealed investors had pulled another $5 billion from its funds, just weeks before a new CEO begins.

Lonsecs director of research in Australia, Peter Green, said the retail outflows could also be connected to the departure of Magellans star stockpicker Hamish Douglass, who stepped down from his duti… [+1906 chars]

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