Investment fund manager relieved that BHP will delay expansion
Fund manager welcomes BHP’s capex pullback, THE AUSTRALIAN,BY:BARRY FITZGERALD , May 18, 2012 BHP Billiton’s move to wind back plans to spend $US80 billion ($80.5bn) over five years on growth projects has been applauded by the head of Perennial Investment Partners’ growth funds, Lee Mickelburough.
Mr Mickelburough was one of the few local investment managers to publicly criticise BHP’s big-bang growth plan after it was revealed by the company in February last year… subscribers only http://www.theaustralian.com.au/business/mining-energy/fund-manager-welcomes-bhps-capex-pullback/story-e6frg9df-1226359363680
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