Lendlease

The biggest activist fund in Australia explains its latest bet on a struggling legacy media giant and why ASX boards should expect more shareholder pressure.

Fund manager Allan Gray has called for the property giant to cull 75% of its corporate staff and shutter its Americas, Asia and Europe developments as part of an ongoing activist campaign.

The ASX is littered with examples of combative investors lighting a fuse under the very companies they are trying to save. John Wylie’s Tanarra Capital says he is on a mission to do things differently.