TCI Invests in J-Power's Shareholders
| May 29th, 2008 |
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| TCI (Children's Investment Fund Management), a UK based hedge fund
with a reputation for aggressive shareholder activism, has bought
shares in Mizuho Financial Group and Kajima Corp. TCI has invested in
these firms because they are also shareholders of J-Power (Electric
Power Development Co.) and is hoping to jointly pressure the utilities
firm to increase returns. The biggest concern is the increase in
cross-shareholdings by J-Power with its business partners, which TCI
claims diverts returns that should go to shareholders. However, Mizuho
and Kajima have not responded to overtures from the hedge fund,
casting doubt on how effective TCI will be at J-Power's annual meeting. |
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For Detailed Investor Profiles on these Investors, click below: |
| | Childrens Investment Fund LP; | Childrens Investment Fund Management (UK) LLP; | TCI; | The Children's Investment Fund; | The Children's Investment Fund Foundation | More Recent Headlines
