Thursday, 27 November 2014
Last updated 1 day ago
Mar 24 2009 | 2:00am ET
The Children’s Investment Fund is down to just one founding partner. Snehal Amin, one of five partners who co-founded the activist hedge fund shop in 2004 alongside TCI chief Christopher Hohn, has left the London firm.
Amin, who was TCI’s pointman in the hedge fund’s highly-publicized battle with U.S. railroad CSX Corp., had been the last of the founders still working with Hohn at the firm. The American plans to return to the U.S., where he hopes to set up his own hedge fund sometime next year, the Financial Times reports.
Amin’s departure is the second of a TCI founding partner this year. Patrick Degorce retired from the firm as the beginning of the year due to illness. And it is another blow for the prominent firm, which saw its funds suffer their worst-ever year in 2008, losing more than 40% of their value.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...