Several bad news for Magellan Asset Management (not affecting MGF) :
- Hamish decreases his holding in MFG from 12.7 % to 11.6 %,
- rumour that their main distribution manager (Frank Casarotti) is about to leave MFG.
The probable departure of F.Casarotti would be a great loss for MFG and a real addition for the fund manager to recruit him.
Probably the kind of recruitment that GQG needs to accelerate its development in Australia.
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