MARKETS SPECTATOR: Tinkler's lesson in timing

Farallon Capital Management is eating up more of Nathan Tinker's Whitehaven stake, giving the former coal king a masterclass in deal-making.

Farallon Capital Management knows a thing or two about buying low and selling high. The San Francisco-based hedge fund run by former Goldman Sachs corporate finance executive Andrew Spokes has boosted its stake in Whitehaven Coal to 16.62 per cent. Farallon has done so by buying shares from the once lauded now distressed dealmaker Nathan Tinkler who had a 19.4 per cent stake in Whitehaven at the beginning of 2013.


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