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Published 06 December 2012 05:14, Updated 06 December 2012 05:53
It can pay to follow activist investors, who take action when managers don’t run companies in the best interests of their shareholders.
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Glencore Xstrata
BRW Rich 200 ranking: 2
All work and no play has helped Ivan Glasenberg get to the top, and stay at the top, of resources giant Glencore Xstrata. The billionaire says he sees little benefit in rest and relaxation for those who want to become rich.
Co-founder, Altius Asset Management
The best investment decision you’ve made?
There was one June 30, back in the late 1990s I think, where there was an outsized balance of payments number that produced a 50-basis point move on the Commonwealth treasuries futures contract.
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