more hedge fund action, page-4

pan aust is the nominee coy-so p/aust name appears on the register.
if the holding was less than 5% we would only know that the s/h was Pan Aust.
but because of the s/h level going over the 5% Sub s/h limit, then the beneficial owner of the shqres must declare its hand.
they probably by on behalf of all sorts of client funds etc, then register all the related holdings in the one Nom coy, to consolidate the holdings for ease of mgt.
the beneficial owner is Deutsche, in its capacity as stockbroker and "other capacities".
as stockbroker it must have the power to control the shares, (because a normal stockbroker eg Etrade, does not have that power) plus the other capacities would be a s manger of hedge funds etc.

Yes, it may well be accumulating for another bidder, but if it were, I think that potential suitor would have to declare themselves as the Beneficial owner.

thats why I think that Deutsche is in there for quick trades.

also i have seen Deutsche do this (opportunistic buy/sell) with heaps of other shares on the ASX. they seem to be very active. it is usually the London Branch of Deutsche that seems to pop up.

anyway, this is getting very interesting.
AGL won't be feeling very comfortable about now!