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How a consultant turned $3000 into $80 million

How a consultant turned $3000 into $80 million

Nuix documents show a mystery six-year gap in the recording of Anthony Castagna’s options package, which he cashed out for millions.

Tony Castagna’s $80 million options payout cost $3000 to exercise. Dominic Lorrimer

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Gaps in the company records of glamour tech company Nuix have raised questions about former finance professor Anthony Castagna’s $3000 investment which he turned into an $80 million windfall.

Dr Tony Castagna joined investment powerhouse Macquarie Bank as a full-time consultant in 1998. About seven years later his experience working in Silicon Valley was employed to turn around Nuix which was struggling at the time. When Macquarie took a substantial stake in the business in 2011, their interests were aligned.

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Kate McClymontSenior ReporterKate McClymont is chief investigative reporter at The Sydney Morning Herald. Connect with Kate on Twitter. Email Kate at kmcclymont@smh.com.au
Neil Chenoweth
Neil ChenowethSenior writerNeil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
Adele Ferguson
Adele FergusonInvestigative journalist and columnistAdele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au

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Original URL: https://www.afr.com/markets/equity-markets/how-a-consultant-turned-3000-into-80-million-20210516-p57sd4