1 Aug 2011

US investment fund builds stake in PGC

12:20 pm on 1 August 2011

An American investment fund now holds almost 12% of Pyne Gould Corporation.

Baker Street Capital, which is registered to a Californian address, has lifted its stake from 10.75% to 11.77%.

It has been increasing its holding over recent weeks.

Baker Street is now Pyne Gould's second largest shareholder, behind Pyne Holdings.