In late December of 2018, I received an email that caught me by surprise. It came from someone I’d never met with an unexpected proposition. The concept was to kick off 2019 with a constructive discussion between the Chief Investment Officers of Platinum Asset Management and Magellan Financial Group. Show More
At their recent adviser briefing, Magellan CEO, Hamish Douglass, had cars on his mind. Specifically, driverless cars, and what they mean for investors. While many investors focus on the potential upside in companies like Uber and Tesla, Douglass’ focus on capital preservation means he was more interested in the flow-on... Show More
I recently had the opportunity to sit down for 30 minutes with Hamish Douglass, the CIO of Magellan at their new offices in Sydney. We discussed a wide range of topics from his biggest influences to the most impactful trends that are driving his investment strategy today. During my time... Show More
On Tuesday night, I attended the Magellan Investor Gala Dinner at the MCEC. Magellan CEO/CIO, Hamish Douglass, held the 2000-strong audience’s attention for a solid two hours, discussing the big issues on his mind for both the short-term and the long-term. The talk was wide-ranging, but the main focuses of... Show More
Hamish Douglass, CEO of Magellan Financial Group, says monetary policy and the actions of central banks are “the number one macro issue in the world.” Fixed income markets are "massively distorted," which distorts all other asset markets. An unwinding of monetary policy could have a serious impact on asset prices.... Show More
Yum! Brands (‘YUM’) develops, operates, franchises and licenses a worldwide system of nearly 43,000 restaurants under the brands of KFC, Pizza Hut and Taco Bell – each respectively a global leader in chicken, pizza and Mexican-style food categories. Units are operated by either the company or independent franchisees or licensees... Show More
Each week we get up to 100 wires submitted by our contributors. While each one is worth reading, there are some that stand out. This week, Hamish Douglass thinks this time really could be different, read everything you need to know about reporting season, and the banks are 'under pressure'.... Show More
Estimates state that the Italian banking system is holding around €360 billion of non-performing loans and if banks were required to write down these loans to current market values the Italian banking system could be required to raise up to €40 billion of new capital. The issue is that the... Show More
Hamish Douglass, CIO of Magellan Financial Group, has told investors that over the next 10 – 25 years a new technology and machine age could prove to be more important than The Industrial Revolution. “We believe that we are nearing an inflexion point in the rate of technological advancement, which... Show More
Hamish Douglass is sending a message to investors to remain calm following the events of last Friday. “We don’t think really changes the systemic risk out there. We’re very unlikely to see a banking crisis. We’re very unlikely to see a re-run of 2008.” Initially, it seems that the vote... Show More
PayPal is the leading global digital wallet and a leader in mobile and ecommerce payments. It operates a proprietary global technology platform that connects merchants and consumers around the world. PayPal has approximately 173 million active customer accounts. Last year, it processed over $235 billion of payments in nearly 4... Show More
In our view, the current risk pricing environment for high-quality assets is quite extraordinary in a historical context. Pricing for sovereign credit, high quality corporate and financial credit and other high-quality defensive assets is at, or near, record highs at present. The pricing of high-quality assets reflects the prevailing environment... Show More
Speaking at a business lunch in Melbourne Douglas said “I know the share price is going to be tough over the next 12 months…but do I see a collapse in industry profitability? No, I don't see a collapse. I end up backing industry structures in the long term and this... Show More
In an interview with UNSW Hamish Douglass, CEO of Magellan Financial, outlines why he believes the US economy is back on track. "I think the US is out of the woods. It has made very substantial progress since 2009 and has created 12 million new jobs, the stock market has... Show More