Fair winds blow for Magellan

This high-quality fund manager has seen its funds under management treble over the past year and its shares have done even better, but it’s not overpriced.

You can’t fault Magellan Financial Group’s founders Chris Mackay and Hamish Douglass for ambition. From humble beginnings back in 2006, they set about building a big operation, with all the marketing and distribution that entails.

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