Institutional investment renews market confidence
Besides Antipodes Partners, a number of other major funds have also increased their exposure to the company this year. Woodline Partners LP opened a new position in the first quarter valued at about USD 19.3 million. Impala Asset Management LLC raised its stake by a third to more than 932,000 shares, now worth over USD 17 million. Nuveen LLC and Encompass Capital Advisors LLC each initiated holdings of roughly USD 14.7 million and USD 13.9 million, respectively. Wellington Management Group LLP lifted its interest by almost 70 per cent, now owning close to 694,000 shares valued at USD 12.9 million.
Altogether, institutional investors control just over 61 per cent of Century Aluminium’s shares.
