TCI Founder Degorce Retires

Jan 12 2009 | 2:42am ET

Patrick Degorce, a founder and top partner at activist hedge fund shop The Children’s Investment Fund Management, has left the London-based firm.

Degorce has retired from TCI and as of Jan. 1 is no longer a member of the limited liability partnership, according to media reports.

A former European equities chief at Merrill Lynch Investment Managers, Degorce co-founded TCI in 2003 with Christopher Hohn. He focused on TCI’s financial services investments, including its activist battles with Deutsche Börse and ABN Amro, which aroused the ire of regulators in Europe.

Degorce’s departure comes at the end of TCI’s most difficult year since it was founded in 2003. The fund lost about 43% in 2008.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of