Tag Archives: outsiders


Hedge fund investors to demand more data

July 2, 2009 : Permalink

Reuters – Many hedge fund investors burned by last year’s market meltdown will likely demand a system of checks and balances in which outsiders keep a closer watch over assets, data released on Wednesday show. Pension funds, endowments and wealthy […]

Shareholder Sues CSX, Hedge Funds Over Short-Swing

October 30, 2008 : Permalink

CNNMoney.com – A shareholder has sued CSX Corp. (CSX) and two hedge funds over sales of CSX shares before the funds publicly disclosed plans to shake up the railroad operator’s board in a proxy fight earlier this year. The lawsuit, […]

CSX loses fight to block hedge funds

September 16, 2008 : Permalink

Florida Times Union – CSX Corp.’s proxy fight with two hedge funds apparently ended Monday, after an appellate court turned down CSX’s attempt to block some of the funds’ votes for the company’s board of directors. CSX, which had already […]

Final Voting Results For CSX Put Hedge Funds On Board

August 1, 2008 : Permalink

West Palm Beach (HedgeCo.Net) – Rail company CSX Corporation issued its final report, showing that four of hedge fund TCI Group’s nominees (Children’s Investment Fund Management) received a larger number of votes than four of CSX’s nominees. "We are delighted […]

Hedge funds get 4 of 5 candidates on CSX board

July 17, 2008 : Permalink

Bizjournals.com- CSX Corp’s board is in for a bumpy ride despite assurances from the railroad and two rival hedge funds they will work together to maximize profitability, a railroad analyst said. "Everyone is human and the proxy fight between them […]

TCI Hedge Fund Posts Biggest Monthly Loss in June, FT Reports

July 15, 2008 : Permalink

Bloomberg- The Children’s Investment Fund Management LLP, a London-based hedge fund, lost more than $1 billion in June, posting its biggest-ever monthly loss, the Financial Times reported. The five-year-old fund, also known as TCI, dropped 12.5 percent last month, topping […]

J-Power Wins Shareholder Vote on Payout, Defeats TCI

June 26, 2008 : Permalink

Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since February. Shareholders of Electric Power Development Co., the […]

Proxy advisory firm backs hedge funds’ nominees for CSX board

June 20, 2008 : Permalink

Bizjourmals.com- The country’s largest proxy advisory company recommended the election of four of the five board members nominated by hedge funds engaged in a proxy contest with CSX Corp. The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. […]

Goldman Sachs Hedge-Fund Vehicle Raises $221 Million In Share Sale

June 18, 2008 : Permalink

CNN Money- A listed fund of hedge funds operated by Goldman Sachs Group Inc. (GS) has lifted its assets by about 25% by raising an additional $ 221.3 million on the London Stock Exchange on Tuesday. Goldman Sachs Dynamic Opportunities Ltd. (GSDO.LN), […]

CSX, hedge funds to present cases online

June 6, 2008 : Permalink

Bizjournals.com- CSX Corp. and the activist hedge funds engaged in a proxy contest with the railroad will make their cases to gain the recommendation of a company many institutional investors rely on when casting shareholder votes. RiskMetrics Group, a proxy […]

CSX, hedge funds face off in US court

May 22, 2008 : Permalink

Reuters- The chief executive of CSX Corp said in court on Wednesday he felt targeted by activist investors seeking to get seats on the board of directors, but the rail company negotiated with them in good faith to try to […]