Monday, 30 March 2015
Last updated 7 hours ago
Jan 12 2009 | 1:42am 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.
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…