BHP investor Tribeca calls for sale of U.S. shale assets, board shake-up
A second BHP Billiton Ltd shareholder has made a public push for changes at the world’s largest miner, with Sydney-based Tribeca Investment Partners pressing the company to sell its US shale assets and dump its chief executive.
Tribeca, a boutique Australian hedge fund, joined calls by US activist investor Elliott Management for an exit from shale to free up capital, saying BHP could fetch $10-billion for the assets.