Reuters exclusive with Australian fund manager questions BHP ability on takeovers

On Sept 10, Reuters interviewed Renzo Casarotto, manager of the $4.2 billion Global Resources Fund at Australia’s biggest money manager Colonial First State, who expressed doubts whether BHP would be able to do a successful takeover, given its track record. The manager of the fund also said rival Rio Tinto offered better growth prospects than BHP and that he is looking for a higher offer for Canada’s Potash Corp than the $39 billion bid from BHP due to Potash’s strategic positioning.