Sat, Sep 25, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Another hedge fund backs Sir Chris Hohn in fight against London Stock Exchange

Monday, December 18, 2017

Komfie Manalo, Opalesque Asia:

Add Lone Pine Capital in the growing list of hedge funds who have thrown their support to activist hedge fund manager Sir Chris Hohn, manager of The Children's Investment (TCI) fund, to remove Donald Brydon from the board of the London Stock Exchange (LSE), reported City AM.

The Connecticut-based Lone Pine is the second hedge fund to support TCI, following John Armitage's Egerton Capital who first said it would back Hohn.

However, on the other side, the trio of hedge fund managers were also facing a formidable foe as LSE has received the support of Standard Life Aberdeen, together with other major long-term institutional investors, including Blackrock, the Qatar Investment Authority, and Aviva.

Hohn's fight with LSE was spurred by his reservation over the board's decision to dismiss former LSE chief executive Xavier Rolet.

Lone Pine's support also comes at a time when LSE has begun interviewing possible replacements of Brydon as chief executive, in a move that aims to rebuild the firm's top management team. Brydon is set to retire in 2019.

Activist hedge fund Hohn set to lose vote to oust Brydon

Meanwhile, Byrdon looks likely to survive a crunch vote this week after winning support from......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  2. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  3. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  4. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys

  5. Opalesque Exclusive: Female led team of veteran ESG investors to launch debut fund[more]

    Bailey McCann, Opalesque New York for New Managers: A female-led team of veteran ESG investors is preparing to launch a new fund early next year built on their ESG investing and advisory experience. Sustainable