Hedge Fund News From HedgeCo.Net


J-Power Seeks Long-Term Investors to Replace Hedge Fund TCI

Bloomberg – The head of J-Power, Japan’s largest electricity wholesaler, wants to attract long-term investors to replace its biggest stakeholder, hedge fund TCI, which exited after seeking his ouster in a feud over corporate management.

“Investors such as pension funds, which seek stable returns in this time of financial turmoil, may be one of our preferred investors, in addition to individuals, who search for vehicles for long-term investment,” Yoshihiko Nakagaki, president of the Tokyo-based utility, officially known as Electric Power Development Co., said in an interview in Tokyo.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.