Magellan: The rise and fall of Hamish Douglass

Markets editor Vesna Poljak, senior reporter Jonathan Shapiro and Rear Window columnist Joe Aston explain the rise and fall of billionaire money manager Hamish Douglass and Magellan. Background reading: The rise and fall of Hamish Douglass They came together with dreams of creating a funds management powerhouse. Hamish Douglass made it a reality, and now it’s up to Chris Mackay to save it. Day of reckoning for Magellan’s Hamish Douglass After a week of turmoil for the fund management group, the market has one question - is Douglass, who has grown this business faster than anyone predicted, still the best man for the job? Magellan reshuffle reignites key man risk David George will be chief executive and chief investment officer of Magellan, replicating the structure in place under Hamish Douglass.  Why billionaire Hamish Douglass loves Maccas The Magellan chairman knows value when he sees it and sometimes, he says, great opportunities are hiding in plain sight. See omnystudio.com/listener for privacy information.