Hedge funds punt on LPT takeovers
Thursday, September 24, 2009 : PermalinkThe Australian – The recent surge in share prices can also be attributed to the return of hedge funds. In the past few months, hedge funds have been loading up to the gills on LPTs they have tagged as prime takeover targets as credit markets improve.
While hedge funds are a long way from their glory days, they are far from dead, and those with strong balance sheets are using the next phase of the LPT cycle to make money: takeovers.
