TCI In Indian Selloff

Mar 12 2009 | 4:09am ET

The Children’s Investment Fund has become the largest seller of Indian stocks among foreign institutional investors, a dubious distinction as the British activist hedge fund cuts its investment in the subcontinent.

TCI has sold more 10% of all the stock sold by foreign investors in India this year, valued at US$222.2 million. That’s about one-third of the US$666.6 million in Indian stocks owned by TCI last year.

The hedge fund’s Indian investments have been mostly in banks. TCI this year has cut its stake in the likes of the Punjab National Bank, Union Bank of India, Indian Overseas Bank and Oriental Bank.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of