TCI Quits Asia

Nov 4 2009 | 2:53am ET

Defeated and decapitated in Asia, activist hedge fund The Children’s Investment Fund is getting out of the region.

TCI has sold off most of its investments in Asia and is trying to drum up interest from other hedge funds in taking over what’s left of its portfolios there, Reuters reports.

The hedge fund shut its Hong Kong office in October, after losing its battle with Japan’s Electric Power Development Co., or J-Power. TCI sold of its stake in the company, Japan’s largest electric utility, that month, losing $130 million on its investments.

In April, John Ho, TCI’s top executive in Asia, resigned, one of three senior departures from the hedge fund this year.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR