Magellan says it ‘must do better’ as profits slip, Douglass leaves with $8m - Sydney Morning Herald

The fund manager’s founder Hamish Douglass walked away with more than $8 million after leaving the business.

Chairman Hamish McLennan said it had been a difficult 18 months for the company and he recognised the need to improve the performance of Magellans underperforming flagship global equities fund. Ther… [+1896 chars]

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