Dona Ferentes
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Alarm bells would ring if it was otherwise
Alarm bells would ring if it was otherwiseMagellan shares rose 2.7 per cent to $12.89 after co-founder Hamish Douglass announced he would return to the company as a consultant.
Does Hamish need cash to pay his bills for medical and no earning phase,Alarm bells would ring if it was otherwise
Douglass sold his eastern suburbs house for $30 million recently, it was reported.Does Hamish need cash to pay his bills for medical and no earning phase,
Who knows?
So he needs more cash by milking cash cowDouglass sold his eastern suburbs house for $30 million recently, it was reported.
His sickness probably affected his decisions to some extent he took sick leaveI don't follow MFG but it looks like they went south well before Douglass left.
Or was he sick and not acting prior to departure?
His sickness probably affected his decisions to some extent he took sick leave
Somehow, I find it difficult to have much sympathy for the unwell Hamish.His sickness probably affected his decisions to some extent he took sick leave
These revealed that upon the resignation of co-founder Hamish Douglass as chief investment officer in June (though he’d been on a medical leave of absence since February and quit as a director in March), Magellan’s board paid him $2,499,000, a clean $1000 below the statutory threshold for a shareholder vote.
And December brought no cheer:once a falling knife, now a fallen knife. $10.70 a share, down 8% today
definitely meaningful to the client , the theory is ... if the over-performance fees are 20% the client and the taxman man divvy up the rest of the extra profitsView attachment 151313
Could have been worded better. Fees are meaningful if you're paying them.
well there is an industry-wide trend ( out-flows in most of the fund managers ) , it will take something special to resist thatThey've performed well up until COVID hit and U know who did a runner, a financial adviser I know says they're worth hanging on, wonder where to now?
Mate, if a financial advisor told you to hold on to this dog, I’d be selling it if I were you.They've performed well up until COVID hit and U know who did a runner, a financial adviser I know says they're worth hanging on, wonder where to now?
I doubt an adviser has MFG in a client's portfolio; more likely exposure to the Magellan Global managed fund or the listed MGF equivalent, as a legitimate allocation to achieve international exposure as part of the asset allocation based on client's risk profile.They've performed well up until COVID hit and U know who did a runner, a financial adviser I know says they're worth hanging on, wonder where to now?
I was referring to their funds, not the group (MFG).I doubt an adviser has MFG in a client's portfolio; more likely exposure to the Magellan Global managed fund or the listed MGF equivalent, as a legitimate allocation to achieve international exposure as part of the asset allocation based on client's risk profile.
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