The Australian – Mass global hedge funds with billions of dollars in their pockets, constantly trawling the world for opportunities to make a quick profit, have changed thelandscape for takeovers in Australia in recent years.
Even before a major takeover bid is announced, hedge funds don’t hesitate in pulling the trigger and piling into targets in hopes of a counter bid or a hiked offer,acting on well placed leaks and even mere speculation.
And when the hedge funds come knocking big time, it is often the death knell for management’s hopes of staying independent, as the register becomes dominated by hot money.
