Saturday, 30 August 2014
Last updated 22 hours ago
May 22 2008 | 2:00am ET
The Children’s Investment Fund is opening yet another front in its battle with Japan’s largest electric utility.
The London-based activist shop, which has apparently been stymied in its effort to double its stake in Electric Power Development Co. to 20%, now plans to push fellow shareholders to back its demands for bigger dividends and smaller cross-shareholdings. The hedge fund also plans to ask shareholders how they will vote at the June 26 annual meeting, to “expose serious conflict of interest of supplier and cross-shareholders.”
TCI’s proposed proxies for the meeting include seven items involving cross-shareholdings, dividends, share buy-backs and outside directors. The company, better known as J-Power, has rejected all of TCI’s demands thus far, and the Japanese government earlier this month stepped in to prevent the hedge fund from boosting its stake.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...