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

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"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.

Melbourne

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

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