Peter Morgan, the well known Australian investor misdiagnosed with a terminal illness, says he is not sure if he will return to fund management.

“I haven’t made my mind up about anything,” says Morgan, when asked at the basement restaurant “Spice Temple” if he was looking to join a firm or start his own company. “I’m enjoying the beach too much, if the truth be told.”

A senior funds management executive who worked with Morgan says he envisages Morgan managing money for a wealthy family or group.  Morgan establishing another firm was unlikely after 452 Capital closed after the successful fund manager’s misdiagnosed illness and divorce, the executive says.

Another executive who knows Morgan well says he expects him to resume his fund management career but perhaps not for the next six months.