How an Australian fund manager lost big on Ryman Healthcare

Cooper Investors sold 29m shares at $2.20 each on April 23. (Image: NZME)

Mon, 05 May 2025

After filling its boots with Ryman Healthcare stock, Cooper Investors has lost millions selling down its position in recent weeks. Across multiple funds, the Australian investment fund manager owned 11% of Ryman in March before selling off at least 40 million shares in six weeks. Asked for an explanation, Cooper Investors said it does not comment on why it reduces its holdings. However, a flurry of Substantial Product Holding (SPH) notices, news flow from Australia, and some investor notes offer some clues – at least two t...

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