Airlie Funds Management co-founder John Sevior is closing the curtains on a distinguished three-decade career in funds management, handing the reins to long-time friend and partner Matt Williams.

Magellan, which is Airlie’s parent, said Mr Sevior would retire in June, transitioning responsibilities to portfolio manager Mr Williams. The pair have worked together for more than two decades, first at Perpetual and then reuniting at Airlie in 2016.