Magellan’s former star Hamish Douglass opens up about his sexuality |
Magellan’s former star Hamish Douglass opens up about his sexuality
April 20, 2026 — 2:01pm
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Hamish Douglass, the man once branded a rock star of investing who breathed the positive fumes of being hailed as Australia’s answer to Warren Buffett, has opened up about his sexuality, his mental health and life after the rumour mill.
His emotional decline, his personal challenges and the shrinking of the business he co-founded, Magellan Financial Group, makes for tough listening.
It has taken Douglass four years to build the resilience to be able to publicly own his sexual status as a gay man, his mental health crisis, and discuss how he has come through to the other side.
In an interview with Joe Aston’s Rampart, Douglass unpacks the coalescence of factors including the breakdown of his marriage, the toxic rumours about his sexuality and Magellan’s decline that led him to a place so dark that he at times flirted with ending his life. Aston, himself, was among the first to write about rumours of Douglass’ marriage failure.
The tale of Douglass’ professional fortunes is one of a man who flew too close to the sun.
He leant on his rock-star investment manager........