Hedge fund takes control of Cliffs: report

By Staff Reporter

Hedge fund Casablanca Capital has taken control of the fifth-largest iron ore business in Australia, American group Cliffs Natural Resources, The Australian Financial Review reports.

The hedge fund has been urging Cliffs to lift its dividend and sell foreign assets, which could include the Australian iron ore assets, the AFR reports.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Read more here: Business Spectator


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