This is an extract from The Age (Aug 9). Speaking about...

This is an extract from The Age (Aug 9). Speaking about takeovers, if there is going to be an offer I would think it would be before annual results next week......


In the past few months, hedge funds have been loading up to the gills on REITs they have tagged as prime takeover targets as credit markets improve.

While hedge funds are a long way from their glory days, they are far from dead, and those with strong balance sheets are using the next phase of the listed property trust cycle to make money through takeovers.

As hedge fund activity is increasing, so are the rumours. Speculation has intensified that Mirvac, Valad Property Group and Dexus are sitting ducks. The share prices in the stocks have risen, and so has the level of hedge fund activity.