Hedge fund boss says Newcrest, Teck Resources bids could be improved
Tom RichardsonJournalist
Hedge fund boss Rafi Lamm said he wouldn’t be surprised if other bidders emerged to buy gold and copper play Newcrest Mining after Newmont Mining lobbed an improved $29.4 billion takeover offer last week.
Mr Lamm’s L1 Capital Long Short Fund has returned 42.3 per cent per year over the past three years, beating its benchmark S&P/ASX 200 Accumulation Index by 16.5 per cent as of March 31.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
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