The moment that AustralianSuper started creeping up the share register of Whitehaven, the Queensland coal miner’s board must have heard whistling in the corridors.
AustralianSuper’s Paul Schroder and his investment chief, Mark Delaney, jumped two feet back into coal this year. The country’s largest super fund now owns 70,893,456 shares of Whitehaven, or 8.47 per cent of the company worth $456 million – its largest active shareholder.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
