Magellan Asset Management

Magellan Global Fund 2015 Report: 15% Cash

Magellan Asset Management semi annual report for the year ended December 31, 2015. This is the letter everyone is talking about - not sure why and we are not mocking Bloomberg, but it seems to be big news that he is now 15% cash (Baupost holds like 40%, and Romick about the same). Anyway, read yourself and judge. The part picked up by media is bolded below.

Hamish Douglass, Chief Executive Officer, Chief Investment Officer and . . .


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