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Hyperion joins Packer in taking Magellan profits

Top-performing investment boutique Hyperion Asset Management has joined billionaire entrepreneur James Packer in selling down holdings in global equity and infrastructure fund house Magellan Financial Group.

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Read more: Hyperion Asset ManagementJames PackerMagellan profitsMFG BoardInvestmentAustralian Securities ExchangeJulyMackayMagellan Financial GroupASXAuditCaptial Markets GroupConsolidated Press HoldingsDirectorDr CairnsFormer Meryll LynchGeneralHollywood film production finance company PackerJanuary 2007Magellan Asset Management LimitedMagellan board member Dr Brett CairnsMagellan co-founder Chris MackayMAMOctober 2012RatPac EntertainmentRisk CommitteeRush Hour producer Bret RatnerSeptember