You are here

Hedge fund Elliott Management raises stake in BHP in push for change

"BHP appears to have already taken steps toward a smarter, more value-generative way of conducting business, and we support and encourage continued progress," Elliott said in a statement.


HEDGE fund Elliott Management has raised its stake in BHP Billiton to 5 per cent, bolstering its position to agitate for change at the top global miner, but signalled its support for the incoming chairman.

New York-based Elliott launched its effort in April, at which...

Market voices on: