Hattink, Ex-TCI, Joins Thélème

Feb 7 2012 | 11:52am ET

A former partner at The Children's Investment Fund—sued by the firm last month—has joined a hedge fund set up by another disgruntled ex-TCIer.

Oscar Hattink has joined Thélème Partners, founded two-and-a-half years ago by TCI co-founder Patrick Degorce, the Financial Times reports. Degorce retired from TCI three years ago after several disagreements with TCI chief Christopher Hohn.

Hattink was a portfolio manager at TCI. A partner since 2008, he left the London-based activist shop in August. TCI sued him last month, accusing him of failing to return money he owed the firm as part of a vesting package that was part of his bonus—Hattink earned a bonus of US$5 million in 2010. TCI later dropped that lawsuit, although Hohn said Hattink "still owes us contractual money."

Thélème now boasts seven TCI veterans on its staff.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...