Nine shares sink on debut as funds exit NINE Entertainment made a weak debut on the Australian Securities Exchange yesterday as a long tail of overseas hedge funds exited the stock and the shares closed below their issue price. There were signs that local fund managers were showing interest in the stock, as sources said John Sevior's new start-up Airlie Funds Management purchased $25 million worth on top of the small stake he acquired in last week's bookbuild, with the aim of building a 5 per cent shareholding.