Magellan fee terms keep cash flowing
![Magellan's Hamish Douglass: "I think we need to question whether we are entering a new technological and machine age... ...](http://web.archive.org./web/20170913144728/http://www.afr.com/content/dam/images/g/m/x/0/w/c/image.related.afrIndexLead.320x210.gyfpy4.gshfrb.png/1505303286712.jpg)
Magellan can earn performance fees even in years where it fails to beat the market because of a quirk in its retail terms.
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Magellan can earn performance fees even in years where it fails to beat the market because of a quirk in its retail terms.
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