Wednesday, 30 July 2014
Last updated 1 hour ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…