Saturday, 28 March 2015
Last updated 1 day ago
Jan 16 2008 | 6:39am ET
Activist hedge fund manager The Children’s Investment Fund is stepping up its battle with Japan’s largest electric utility. The British firm has asked for permission to double its stake in Electric Power Development Co.
The Japanese Ministry of Economy, Trade and Industry said today that TCI has applied for permission to boost its stake, currently 9.9%, in the company known as J-Power. Japanese law requires that foreign investors receive advanced approval before buying 10% or more of a power company.
TCI has been pushing for board representation and improved stock performance at J-Power. The firm told the Nikkei business daily that it wants to increase its stake because J-Power shares are undervalued and it also wants to improve corporate governance.
Earlier this month, J-Power complained about the British hedge fund’s “misleading impression of underperformance.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…