I recently met with the large US-based activist hedge fund, Elliott Management, that is currently targeting BHP (ASX: BHP).
Elliott Management has proposed a collapsing of BHP's dual-listing structure in the UK and divestment of its onshore oil and gas assets in the US.
We believe there is merit to Elliott Management's proposal, and if BHP were to act, it would create an opportunity for franking credits to be delivered to shareholders.
We own BHP as a market-driven investment in WAM Leaders (ASX: WLE) and Century Australia (ASX: CYA).
Matthew has more than 11 years’ experience in the investment industry working as both a portfolio manager and analyst. Matthew is the Portfolio Manager responsible for WAM Leaders and Century Australia.