TCI founder, partner Degorce leaves hedge firm
LONDON (Reuters) - Patrick Degorce, a founder and partner at high-profile activist hedge fund firm The Children's Investment Fund (TCI), has left the company, a spokeswoman told Reuters on Friday.
Degorce was in the public eye in early 2007 when he wrote a high-profile letter on behalf of shareholder TCI to Dutch bank ABN Amro criticizing its "terrible shareholder return" and calling on it to look at a break-up, spin-off, sale or merger of units or the business as a whole.
ABN was later sold to a consortium led by Royal Bank of Scotland (RBS.L) for about 70 billion euros ($95.73 billion).
Degorce, formerly a fund manager at Merrill Lynch Investment Managers, ceased to be a member of the TCI limited liability partnership on January 1, according to a company filing.
The spokeswoman confirmed he no longer worked at TCI, but declined to comment further.
London-based TCI, set up by Chris Hohn in 2003, is a well-known activist shareholder and was until recently involved in a drawn-out battle with Japan's J-Power (9513.T).
(Editing by Simon Jessop)
- Pope attacks mega-salaries and wealth gap in peace message
- Atheists face death in 13 countries, global discrimination: study
- South Africa admits mistake over 'schizophrenic' Mandela signer |
- Missouri executes man for killing good Samaritan motorist in 1994
- Thai military heads agree to meet protest leader at weekend |