Guardian- A London-based activist hedge fund today faced withering criticism from the US Congress, heralding an uphill battle as the fund attempts to force management changes at the US rail company CSX.
The Children’s Investment (TCI), run by Christopher Hohn, is the second largest shareholder of CSX, and has butted heads with executives at the railroad for months.
Members of Congress interceded amid heightened anxiety about whether TCI’s proposed makeover of CSX would threaten already crumbling infrastructure in the US.
