Facing Chorus Of Criticism, ABN May Bargain With Hedge Fund

Mar 1 2007 | 10:59am ET

With public criticism of its performance increasing, ABN Amro is apparently ready to sit down with The Children’s Investment Fund, the British hedge fund pushing to break up the Dutch banking giant.

There is a catch, of course: The Dutch newspaper Financieele Dagblad reports that ABN is willing to discuss an extra capital payout, but not a split-up.

The news comes after Dutch pension fund PGGM expressed its concerns about ABN’s performance, a spokesman Dutch news agency ANP, “like TCI, we are worried about ABN Amro’s strategy.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.