Gold Logie winner Hamish Blake, 40, cut a casual figure as he doted on his two young children at a local park on Saturday. He was also joined by Michael Wippa Wipfli and his brood.
The patronage politics of the past few decades of Zanu-PF rule and the mineral riches and other economic goodies on offer in Zimbabwe, have swollen a private sector that resembles the adventurers, buccaneers and rogues of Cecil John Rhodes's era.
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Magellan missed the recovery: Douglass By Lachlan Maddock 21 April 2021
Hamish Douglass admitted that Magellan had been “too cautious” on the recent reopening trade while warning that a recent rise in speculative bubbles could hail the beginnings of a massive correction.
While Hamish Douglass said that Magellan’s strategy had performed well during the depths of COVID-19, he conceded that he had been too slow to capitalise on exuberance around vaccine roll-outs and the election of US President Joe Biden.
“Markets completely repriced risk about the re-opening of the economies, and our strategy has lagged in the last four months that cyclical re-opening trade. To some extent we were too cautious going into those vaccine results with our capital preservation,” Mr Douglass said.