The US-based investment group has bolstered its stake in FMG to 8.09% from 7.08%.
Capital has acquired an additional 31.4 million shares at an average price of $1.86 per share between March 2015 and January 3.
The fund first emerged as a substantial shareholder in FMG about a year ago, acquiring 67.5 million shares at an average price of $2.34 to give it an initial 5% stake.
The acquisition cements Capital’s position as FMG’s third-largest shareholder behind founder Andrew Forrest (33%) and Hunan Valin Iron & Steel (14.7%).
FMG shares have risen by nearly 8% this week off the back of a stronger iron ore price and the affirmation of its credit ratings by Standard & Poor’s.
Shares were down slightly this morning to $1.807.
