Monday, 28 July 2014
Last updated 28 min ago
Jan 8 2014 | 1:30pm ET
Noted activist hedge fund The Children's Investment Fund Management posted its best-ever year in 2013, with its flagship fund rising 47%.
The US$7.9 billion Master Fund has never done so well since its inception in 2003.
TCI's returns were fueled by its investments in the British Royal Mail, which went public last year, News Corp. and European Aeronautic Defense and Space, the parent of airplane-maker Airbus.
TCI is named for its charitable practice of donating a share of its fees to a foundation. But The Children's Investment Fund Foundation won't get its piece of the record action for last year; TCI announced in March that it would stop donating to the foundation because it is "large enough." Several months later, it emerged that TCI founder Christopher Hohn and his wife, who runs the charity, had split.
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…