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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of