(Reuters) Hedge fund Elliott Management has raised its stake in BHP Billiton (BHP.AX) (BLT.L) to 5 percent, bolstering its position to agitate for change at the top global miner, but signaled its support for the incoming chairman. New York-based Elliott launched its effort in April, at which point it held a 4.1 percent “economic interest” in BHP’s UK-listed shares, calling for the company to quit all or part of its petroleum business, boost returns and ditch its dual listing.
Hedge Fund Elliott Raises Stake in BHP in Push For Change
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