TCI Loses Millions on Failed Toshiba Short Position

May 20th, 2009
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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; Childrens Investment Fund LP; Childrens Investment Fund Management (UK) LLP; TCI; The Children's Investment Fund; The Children's Investment Fund Foundation
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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