* Partner Siddiqui joined in 2009 from Canyon
* Departure follows exits of Degorce, Ho in 2009
By Laurence Fletcher
LONDON, Nov 11 One of the partners at
activist hedge fund firm TCI (The Children's Investment Fund)
has quit, the latest in a string of departures from the
high-profile firm since the credit crisis.
Masroor Siddiqui, who was responsible for global investments
in credit and equities at the London-based firm, according to
the website of investment company K1 Ventures where he is a
director, ceased to be a partner at TCI just over two weeks ago,
a regulatory filing showed.
A TCI employee said Siddiqui had left the firm, but the firm
declined to give further details.
Siddiqui, a former Goldman Sachs banker and fund
manager at Putnam, joined TCI in 2009 from multi-strategy hedge
fund firm Canyon Capital Partners, where he was head of European
His departure from TCI follows a number of exits from the
firm, including John Ho, who led TCI's Asia business, and
founder and partner Patrick Degorce in 2009.
Media-shy TCI, which hit the headlines in 2007 for its role
in the sale of Dutch bank ABN Amro, was one of London's
best-performing hedge funds prior to the credit crisis,
returning more than 40 percent in 2004 and 2005 and just under
40 percent in 2006 and 2007, according to figures seen by
However, it ran into trouble in a tussle with Japanese
electricity firm J-Power, when it lost a reported $130 million,
helping push its main fund to a 40 percent loss in 2008. The
fund is down 3.1 percent this year to end-September.