TCI's Hohn Thrilled By 'Aggressive' EADS CEO

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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note