Hedge Fund A Threat To US National Security
Posted by Jason on 06/12 | 07:05 AM
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The Children's Investment Fund Management (TCI), a London-based hedge fund is the new threat to America's security.
CNN's Captain America Lou Dobbs has called out the latest threat to America and it's a familiar one for the TCI. After its proxy fight with J-Power was blocked by the Japanese government on the grounds of National Security, their latest target CSX, one of the largest railroad companies in America, prompted US politicians and political pundits such as Captain America to call the fight "a "new threat to national sovereignty and security" and "without question a national security asset."
TCI is looking to win 5 of 12 board seats in a proxy battle with CSX. TCI is not the only hedge fund with a position in the compay. 3G Fund together with TCI have a combined 20 percent stake in the firm, most of which was obtained in a sophisticated but controversial swap trade that allowed the funds to hide their stake in the firm.
Source: NY Times Dealbook
CNN's Captain America Lou Dobbs has called out the latest threat to America and it's a familiar one for the TCI. After its proxy fight with J-Power was blocked by the Japanese government on the grounds of National Security, their latest target CSX, one of the largest railroad companies in America, prompted US politicians and political pundits such as Captain America to call the fight "a "new threat to national sovereignty and security" and "without question a national security asset."
TCI is looking to win 5 of 12 board seats in a proxy battle with CSX. TCI is not the only hedge fund with a position in the compay. 3G Fund together with TCI have a combined 20 percent stake in the firm, most of which was obtained in a sophisticated but controversial swap trade that allowed the funds to hide their stake in the firm.
Source: NY Times Dealbook
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