Hedge fund TCI up 17% over first nine months Of 2021, helped by CN Rail stake

(Reuters) Chris Hohn’s hedge fund firm TCI Fund Management rose over 17% in the first nine months of year, a source close to the firm told Reuters on Wednesday, as the activist investor benefited from its stake in Canadian National Railway Co. TCI, which owns a 5% stake in CN, has been agitating for change at Canada’s biggest rail road operator since August after it entered into a bidding war with Canadian Pacific Railway Ltd for U.S. rail operator Kansas City Southern.

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