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Hedge fund boss says Newcrest, Teck Resources bids could be improved

Tom Richardson
Tom RichardsonJournalist

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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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    Original URL: https://www.afr.com/link/follow-20180101-p5d1y8