Friday, 28 November 2014
Last updated 12 hours 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...