Original article by David Rogers
The Australian – Page: 27 : 15-Jun-17
Hasan Tevfik of Credit Suisse expects more activist investors to target Australian-listed stocks in the wake of Elliott Management’s push for a restructuring at BHP Billiton. He says activist investment is gaining momentum in Australia and it is inevitable that local superannuation funds will adopt this strategy given the returns achieved by activist hedge funds in North America. Caltex, AMP, News Corporation and Lendlease are among the companies that are seen as potential targets for activist investors.
CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, BHP BILLITON LIMITED – ASX BHP, ELLIOTT MANAGEMENT CORPORATION, CALTEX AUSTRALIA LIMITED – ASX CTX, AMP LIFE LIMITED, NEWS CORPORATION – ASX NWS, LEND LEASE GROUP LIMITED – ASX LLC, CSR LIMITED – ASX CSR, MYER HOLDINGS LIMITED – ASX MYR, AMP CAPITAL INVESTORS LIMITED, TRIBECA INVESTMENT PARTNERS PTY LTD, ESCALA PARTNERS LIMITED, ARDENT LEISURE GROUP – ASX AAD, BRICKWORKS LIMITED – ASX BKW, WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED – ASX SOL, PERPETUAL LIMITED – ASX PPT, FEDERAL COURT OF AUSTRALIA, LIM ADVISORS LIMITED, AMP CAPITAL CHINA GROWTH FUND