The Telegraph (Free subscription) | 06/27/2008
TCI, Chris Hohn's activist hedge fund, has been soundly beaten in its showdown with the management of Japanese utility company J-Power.
Examiner (Free subscription) | 07/25/2008
... Ward said after the meeting.The vote to elect two other hedge fund board candidates, TCI Founder Chris Hohn and Timothy T. O'Toole, managing director of the London Underground, remains too close to call.Ward said the most recent preliminary draft report of an independent inspector of elections shows that the candidates competing for those seats have a difference in votes that is now...
Examiner (Free subscription) | 07/25/2008
Railroad CSX says it has asked two nominees of activist hedge fund shareholders TCI and 3G Capital to join its board, but a vote on two others remains too close to call.Jacksonville, Fla.-based CSX Corp. (, ) said Friday that nominees Gilbert H. Lamphere and Alexandre Behring will join the board immediately.But the vote to elect TCI Founder Chris Hohn and Timothy T. O'Toole, managing...
Star Tribune (Free subscription) | 07/25/2008
... Lamphere and Alexandre Behring will join the board immediately.But the vote to elect TCI Founder Chris Hohn and Timothy T. O'Toole, managing director of the London Underground, remains too close to call.Both of those seats are pending the company's court appeal. The company expects the appeal to be resolved within two months.Edina5110 Edina Industrial BlvdOffice BuildingPearle Vision...
Seattle Post-Intelligencer (Free subscription) | 07/25/2008
... Lamphere and Alexandre Behring will join the board immediately.But the vote to elect TCI Founder Chris Hohn and Timothy T. O'Toole, managing director of the London Underground, remains too close to call.Both of those seats are pending the company's court appeal. The company expects the appeal to be resolved within two months.
Money is the way (Free subscription) | 07/15/2008
The London-based hedge fund TCI lost more than $1 billion last month. Unbelievable! How did this happen? The FT reckons it is all down to the effect plummeting markets have had on event-driven funds. I can't see it myself. Interestingly, the founder of TCI, Chris Hohn, refused to speak to the Financial Times. But he spoke to me. I was on the phone to Chris at the crack of dawn...
Financial Time (Free subscription) | 07/18/2008
... by activist hedge funds for covert stake-building. Last month TCI, the London hedge fund run by Chris Hohn, lost a court battle in the US where the judge ruled the fund should have announced a holding via derivatives in the US rail network CSX.In Germany, the parliament has just passed a law preventing investors from avoiding disclosure of shares by hiding behind banks. But this could...
Financial Time (Free subscription) | 07/17/2008
... by activist hedge funds for covert stake-building. Last month TCI, the London hedge fund run by Chris Hohn, lost a court battle in the US where the judge ruled the fund should have announced a holding via derivatives in the US rail network CSX.In Germany, the parliament has just passed a law preventing investors from avoiding disclosure of shares by hiding behind banks. But this could...
Star Tribune (Free subscription) | 07/17/2008
NEW YORK - CSX Corp. says preliminary results of the railroad's contentious board vote show that four out of five directors nominated by activist hedge fund shareholders TCI and 3G Capital have been elected to its board.The company said Wednesday shareholders elected TCI Founder Chris Hohn, 3G Managing Director Alexandre Behring, Gilbert H. Lamphere and Timothy T. O'Toole. Lamphere is...
Financial Time (Free subscription) | 07/16/2008
The successful candidates included Chris Hohn, TCI’s founder; Alex Behring, managing director of 3G; Gilbert Lamphere, a former director of Canadian National Railway; and Tim O’Toole, a former chief executive of the jointly-operated Conrail rail routes who is now managing director of London Underground. Only Gary Wilson, a former executive of Northwest Airlines, missed out on election....
CNNMoney.com (Free subscription) | 07/16/2008
Activist investors may have won four seats on the board of CSX's board.NEW YORK (AP) -- CSX Corp. says preliminary results of the railroad's contentious board vote show that four out of five directors nominated by activist hedge fund shareholders TCI and 3G Capital have been elected to its board.The company said Wednesday shareholders elected TCI Founder Chris Hohn, 3G Managing Director...
Seattle Post-Intelligencer (Free subscription) | 07/16/2008
Last updated July 16, 2008 8:13 a.m. PTCSX says hedge funds win 4 out of 5 seatsBy SAMANTHA BOMKAMPNEW YORK -- CSX Corp. says preliminary results of the railroad's contentious board vote show that four out of five directors nominated by activist hedge fund shareholders TCI and 3G Capital have been elected to its board.The company said Wednesday shareholders elected TCI Founder Chris Hohn,...
Business Wire (Free subscription) | 07/16/2008
... Annual Meeting, has confirmed that shareholders have elected four TCI/3G nominees – Alex Behring, Chris Hohn, Gil Lamphere and Tim OToole – to the 12-member board of directors of CSX Corp (NYSE: CSX). TCI and 3G also announced that the TCI/3G special meeting proposal, which allows special meetings to be called for any purpose by holders of 15% of the outstanding shares, was approved...
Financial Time (Free subscription) | 07/15/2008
TCI, founded by former Perry Capital trader Chris Hohn in 2003, is particularly vulnerable to market falls because it uses little hedging, concentrating on taking a handful of big bets on companies it gets to know well and, often, where it can push for change. This paid off dramatically in recent years, making TCI one of the world’s most successful funds, and it had made profits in the...
Financial Time (Free subscription) | 07/03/2008
TCI, run by the secretive Chris Hohn, lost a court battle against the US rail network CSX last month, with the judge ruling that the fund should have announced a holding via derivatives that peaked at almost 14 per cent - even though the Securities and Exchange Commission backed the fund's view that disclosure was not required under US law.
