Hedge Fund News From HedgeCo.Net


Hedge fund TCI lands 5.8% Royal Mail stake: the questions get harder for Vince Cable

Guardian – So, despite Vince Cable’s efforts, a big hedge fund has got its hands on a slice of Royal Mail. Not just any hedge fund either. It’s Chris Hohn’s TCI, which had a prominent role in 2007 as agitator-in-chief demanding that ABN Amro be sold to the highest bidder, which turned out to be Royal Bank of Scotland, which turned out to be the UK Treasury.

Hohn also does cuddly long-termism on occasions, and maybe that’s his plan for the 5.8% holding in Royal Mail. But TCI’s arrival makes the questions harder for Cable.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply