Skip to main content

The Children's Investment Fund Sat On The Wall ...


The famous and infamous hedge fund, The Children's Investment Fund, has made some huge bets. The $10bn hedge fund have recently placed huge bets that Japanese shares will fall. TCI's foray into Japanese equities is not without history. Last year TCI lost a bitter fight over corporate governance at J-Power. TCI held a 9.9% stake in J-Power. TCI wanted to raise its stake from 9.9% to 20%.

This time around TCI has accumulated huge short positions in Sony, Toshiba, Sharp, Bridgestone and Mizuho. Total short position came to $1bn. The biggest position was a short on Toshiba worth $397m or some 4% of Toshiba's outstanding shares. The move has more to what meets the eye. Toshiba is one of the largest corporate shareholders of J-Power. Much of the short position was made in March. The recent rebound in the Nikkei and yen weakness would have put TCI's short positions in jeopardy. Toshiba's current price is already some32% higher than on March 10 when TCI announced its short position rose to 4%.

TCI has just exited from its 10.2% stake in Deutsche Bourse. TCI funds lost more than 40% in 2008. Looks like the "children" won't be very happy.

p/s photo: Aya Sugimoto

Comments

Arn said…
Ex-Regulator: Geither Is Trying His Best To Cover Up Evidence Proving That Finance World Elites Like Himself Engaged In A Criminal Conspiracy To Defraud The American People

http://www.pbs.org/moyers/journal/04032009/watch.html
Jack O'Sullivan said…
That woman is incredible, just beautiful.

Jack O'Sullivan
Bedroom Furniture Sets
Men's Dress Shoes

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.


My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.


I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.


My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

Long Weekends

Passengers - Go Watch It

Passengers. Brilliant story telling. Visionary yet believable. Like Martian, only better. Space travel, science, romantic, desolation, philosophical, mortality n its devastation, spectacular imagery. Being human n humane. 9.7/10