Hedge fund firm TCI hires Canyon's Europe head
* Hedge firm TCI hires Masroor Siddiqui
* Fernando Delgado leaves the firm
LONDON, May 18 (Reuters) - High-profile activist hedge fund firm TCI (The Children's Investment Fund) has hired Canyon Capital Partners executive Masroor Siddiqui, according to a regulatory filing. Siddiqui, who was previously a fund manager at Putnam Investments, joined TCI last month from his role as head of European business at multi-strategy fund firm Canyon. TCI declined to comment on Monday and Siddiqui could not be reached, although a spokeswoman for Canyon confirmed Siddiqui had left to join TCI. The filing showed he joined last month. Meanwhile, a separate filing showed that analyst Fernando Delgado ceased to be a member of TCI last month.
A TCI spokeswoman confirmed Delgado no longer worked for the firm but declined to comment further.
In January, Reuters revealed that founder and partner Patrick Degorce, who in 2007 wrote a high-profile letter to Dutch bank ABN Amro criticising its "terrible shareholder return", had quit the hedge fund firm, set up by Chris Hohn in 2003.
Media-shy Hohn made a rare public appearance in January in front of Britain's parliamentary Treasury Select Committee, where he came under attack for TCI's role in the sale of ABN Amro. The bank was later sold to a consortium led by Royal Bank of Scotland (RBS.L). (To read the Reuters Hedge Fund Blog click on blogs.reuters.com/hedgehub; for the Global Investing Blog click here) (Reporting by Laurence Fletcher; Editing by Dan Lalor)
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