You understand why Mac reduced there holding don't you? Most of...

You understand why Mac reduced there holding don't you?

Most of the portfolio managers of the Macquarie High conviction Fund walked last Thursday night. Macquarie then took the fund off their recommended list and recommended that clients redeem holdings. Hence the big sell off last Friday.

Interestingly, Blake Henricks, one of the senior portfolio managers who departed Macquarie last week, had only recently presented at the Sohn Hearts & Minds 2017 conference, his best buy idea was Reliance.

The comparison to ISD is absurd, the journalist who wrote that article had zero justification or rationale for drawing parallels between the two businesses aside from them both being successful floats and trading on higher than mkt avg multiples. To be honest, I think that report was reckless and irresponsible.