** Analysts at Morningstar see higher redemptions for Australian fund manager Magellan Financial Group MFG.AX following a key executive's departure
** Investment research platform cuts stock PT to A$8.90 from A$10.20; MFG closed at A$9.49 on Monday
** Magellan last week said that its head of investments, Gerald Stack, would step down in July after having been with the company for 18 years
** "Stack's departure raises the risk of redemptions, given it could take time for investors to gain confidence in the new team" - Morningstar
** Morningstar anticipates A$8 bln ($4.95 bln) in one-off redemptions in fiscal 2025-26, reflecting about 22% of MFG's total funds under management
** Stock down 14.7% this year, as of the last close
($1 = 1.6163 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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