Friday, 1 August 2014
Last updated 14 hours ago
Nov 4 2013 | 11:11am ET
The Children's Investment Fund has found itself in an unusual position with regard to the European Aeronautic, Defense and Space Co.: full-throated support for its management.
TCI took a 1% stake in the Airbus parent this summer, pushing it to rid itself of its 46% stake in Dassault Aviation. EADS is thought to want to do so, but is currently blocked from divesting itself of Dassault under a warehousing agreement with the French government.
Despite that potential setback, TCI chief Christopher Hohn last week offered lavish praise for EADS CEO Thomas Enders and his "aggressive" cost-cutting plans.
"We believe the company is in the process of doubling and tripling its profitability," Hohn told the Ira Sohn Conference in London.
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…