Friday, 27 March 2015
Last updated 37 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…