Monday, 22 September 2014
Last updated 58 min ago
Nov 15 2010 | 10:51am ET
A long layoff from shareholder activism hasn’t dulled The Children’s Investment Fund’s facility for it. The London-based hedge fund has successfully tossed out the chairman of an Australian energy company after remaining on the sidelines for more than a year.
It has certainly been a rough year for the firm, which has suffered from poor performance and a string of high-profile departures, including all but one of its founding partners. The fund, which once managed US$10 billion, is now down to US$6 billion.
But TCI and founder Christopher Hohn are back in action. Amidst pressure from the hedge fund, Graham Kelly has resigned as chairman of Infigen Energy—the former Babcock and Brown Wind Partners. Tony Battle, head of the company’s board nomination and remuneration committee, has also resigned.
According to a statement to the Australian Stock Exchange, both men have also left Infigen’s board of directors entirely. That board has since elected Mike Hutchinson its new chairman.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.