TCI Loses Millions on Failed Toshiba Short Position
| May 20th, 2009 | ||
| The Children's Investment Fund (TCI) has closed out of a large short position that it had held in Toshiba Corp. (6502.TO). According to the Financial Times, closing out of the position, which represented approximately 4% of Toshiba’s shares out, resulted in a loss of up to $104 million for TCI. TCI had been betting that the Japanese electronics company would underperform as it sought to raise capital through a new common stock offering. | ||
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The Children's Investment Fund Mgmt |
Related People: Chris Hohn
Related Entities: Children's Investment Master Fund;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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