This $9 Billion Fund Manager Says He's Sticking With Cash

  • Magellan Global Equity Fund has beaten 99 percent of peers
  • Fund boosted cash `well before any of this turmoil started'

Hamish Douglass.

Photographer: Nic Long/Magellan Financial Group Ltd.

Well before things went wrong for global stocks last year, one $9 billion fund manager decided it was time to play safer, and nothing he sees now convinces him to change that call.

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