The rise and fall of Magellan and Platinum: Lessons for investors (podcast)
The discussion explores industry trends, the impact of fund size on performance, and how Forager stays nimble in an increasingly passive market.
“Outperformance in active management is hard to find. It’s about being different and being right, which becomes increasingly difficult as funds grow larger and markets shift.”
0:00 - Intro and discussion of market trends, including the year-end performance and potential turbulence ahead
4:00 - Analysis of the funds management industry, focusing on profitability, risks, and challenges for firms like Magellan and Platinum
23:06 - Guest Chloe Stokes discusses investment philosophies, biases, and the importance of process updates
32:12 - The impact of passive investing on markets and the evolving role of active management43:47 - Balancing growth and performance in funds management, including capacity constraints and team expertise
Explore previous episodes here. We’d love your feedback. If you like what you’re hearing (and what we’re drinking), be sure to follow and subscribe – we’re doing this every quarter.
Explore previous episodes here. We’d love your feedback. If you like what you’re hearing (and what we’re drinking), be sure to follow and subscribe – we’re doing this every quarter.
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