{"id":8219,"date":"2008-07-28T00:00:00","date_gmt":"2008-07-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-calls-top-of-cycle","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/hedge-fund-calls-top-of-cycle.html","title":{"rendered":"Hedge fund calls top of cycle"},"content":{"rendered":"<p>Sydney Morning Herald- The ownership structure of some of Australia&#8217;s largest mining companies could be set for a major change after New York hedge fund Harbinger Capital Partners has indicated it believes commodities prices could be nearing their peak.<\/p>\n<p>Harbinger, which has substantial stakes in Australian miners Fortescue Metals, Murchison Metals, Midwest and Moly Mines, has emerged as an opponent of US iron ore miner Cleveland-Cliffs&#8217; proposed $US10 billion acquisition of coalminer Alpha Natural Resources.<\/p>\n<p>Cliffs &#8211; which has an 85 per cent stake in West Australian iron ore miner Portman Mining &#8211; wants to merge with Alpha to form a more diversified supplier to the steel industry. But Harbinger, which owns 18.4 per cent of Cliffs, has told the US Securities and Exchange Commission it believes the deal is &quot;not in the best interest of shareholders&quot;.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/business.smh.com.au\/business\/hedge-fund-calls-top-of-cycle-20080727-3ls5.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sydney Morning Herald- The ownership structure of some of Australia&#8217;s largest mining companies could be set for a major change after New York hedge fund Harbinger Capital Partners has indicated it believes commodities prices could be nearing their peak. Harbinger, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1785,1783,1786,1784,107,20,806,886,1782],"class_list":["post-8219","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-corp-ltd","tag-financial-contagion","tag-independent-companies","tag-managment-corporation","tag-mistrust","tag-new-marketplace","tag-oracle","tag-takeover","tag-time-zones"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8219"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8219\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}