Chris Mackay selling 6.6pc stake in Magellan, worth circa $112 million. No reason stated in the AFR article.

Source: AFR

Disc. held IRL. Still making massive amounts of paper losses and always questioning my life choices...

Expanding on the straw by @occy

Net institutional fund outflows of $3.9 billion over March, from two Airlie Funds Management clients ending their mandates.

• Industry superannuation fund HESTA and
• Second unknown second fund 

Disc: Still held IRL (now wondering why the HECK am I still holding??)

Source: AFR

Hamish Douglass sold down his stake in MFG (760,000 shares) last week.

Double whammy with some more news today as per the AFR:

Magellan’s head of sales and distribution Frank Casarotti is to leave the asset manager as at December 2023.

Mr Casarotti, 62, has worked in the industry for 40 years and will work another 18 months at Magellan.

Magellan shares are down 4.8 per cent this morning.

Disclosure: hold IRL