Siegling of Cadence Bought BHP Shares After Bid for Rio: Video

Karl Siegling, fund manager at Cadence Capital, talks with Bloomberg's Catherine Yang from Sydney about the outlook for Australian stocks, BHP Billiton Ltd.'s bid to acquire Rio Tinto Group and his investment strategy. Rio Tinto, which rebuffed a takeover approach from BHP, rose to a record in Sydney trading on speculation its rival will come back with a higher bid to achieve what may become the world's largest takeover. Siegling manages about $85 million.(Source: Bloomberg)

Bloomberg | November 12, 2007

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