TCI Founder Degorce Retires

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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note