US hedge fund Coastal buys Billabong stake

Coastal Capital International snares 5% stake in troubled retailer, two years after push to derail Alinta restructure.

Upstart New York-based hedge fund Coastal Capital International has bought a 5% stake in Billabong International, two years after it attempted to derail the $2 billion restructure of Alinta Energy. 

The small fund was announced as a substantial shareholder on the retailer's share register today. 

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles