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.
For Detailed Investor Profiles on these Investors, click below:
The Children's Investment Fund Mgmt
Related People: Chris Hohn
Related Entities: Children's Investment Master Fund; Childrens Investment Fund LP; Childrens Investment Fund Management (UK) LLP; TCI; The Children's Investment Fund; The Children's Investment Fund Foundation


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