Reuters – Tuesday’s grilling of UK hedge fund executives is likely to create plenty of noise but produce little in the way of new rules.

While media-shy TCI founder Chris Hohn and others will face tough questions from the Treasury Select Committee on financial stability, short-selling and other issues, it nevertheless seems that the pro-legislation lobby’s position may be weaker than it has been in recent years.

For one thing, many hedge funds simply do not have the financial clout — and therefore carry the associated risks seen by some politicians — that they once did.

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Tags: chris-hohn, clout, financial-stability, founder chris, legislation, mdash, politicians, reuters, tci, treasury select committee

Forbes – Patrick Degorce, a founder and partner at high-profile activist hedge fund firm The Children’s Investment Fund (TCI), has left the company, a spokeswoman told Reuters on Friday.

Degorce was in the public eye in early 2007 when he wrote a high-profile letter on behalf of shareholder TCI to Dutch bank ABN Amro criticising its ‘terrible shareholder return’ and calling on it to look at a break-up, spin-off, sale or merger of units or the business as a whole.

ABN was later sold to a consortium led by Royal Bank of Scotland for about 70 billion euros ($95.73 billion).

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Tags: abn amro, activist, consortium, dutch-bank, forbes, investment-fund, merger, profile letter, public-eye, reuters, royal-bank-of-scotland, shareholder return, spokeswoman, tci