Wednesday, 1 October 2014
Last updated 11 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...