Good morning, it’s Harry here again with your daily download. Put your markets hat on because there’s plenty of note in finance today…
Today’s must-reads:
• Shareholder activism proves profitable
• Woodside gets a heavyweight opponent
• Kia goes against the grain
One of Australia’s most-prominent activist hedge funds is notching returns nearly double that of the country’s benchmark stock index. L1 Capital’s Catalyst Fund, managed by former Macquarie investment banker James Hawkins, has gained 42% since its inception in 2021.