Tag Archives: us-congress


Hedge funds get 4 of 5 candidates on CSX board

July 17, 2008 : Permalink

Bizjournals.com- CSX Corp’s board is in for a bumpy ride despite assurances from the railroad and two rival hedge funds they will work together to maximize profitability, a railroad analyst said. "Everyone is human and the proxy fight between them […]

A Hedge Fund and Its Nonprofit Twin

June 26, 2008 : Permalink

New York Times- Christopher Cooper-Hohn and his wife, Jamie, follow a simple economic formula: he makes money, and she gives it away. Mr. Cooper-Hohn runs the Children’s Investment Fund, or T.C.I., a successful — and controversial — hedge fund that […]

Stalled! CSX vs. the Hedge Funds will Continue

June 26, 2008 : Permalink

New York (HedgeCo.Net) -The much anticipated annual meeting of railroad operator CSX took an odd turn when results of Board elections were kept from the media and CSX head Michael Ward abruptly ended the meeting. The elections were a subject […]

Proxy advisory firm backs hedge funds’ nominees for CSX board

June 20, 2008 : Permalink

Bizjourmals.com- The country’s largest proxy advisory company recommended the election of four of the five board members nominated by hedge funds engaged in a proxy contest with CSX Corp. The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. […]

Hedge funds to continue quest for board seats despite ruling

June 16, 2008 : Permalink

New York (HedgeCo.Net) – The proxy battle waged by two hedge funds against railroad operator CSX is far from over, despite a ruling against the funds last week. TCI, who runs the Children’s Investment Fund of Britain, and 3G Capital […]

Ahead of the Bell: CSX vs. hedge funds

June 12, 2008 : Permalink

Forbes- Shares of railroad operator CSX Corp. may trade actively Thursday after a federal judge’s ruling opened the doors to a proxy battle later this month. On Wednesday afternoon, the judge ruled that dissident shareholders broke the law in their […]

CSX and Hedge Funds Warm Up Before Proxy Battle

June 10, 2008 : Permalink

New York (HedgeCo.Net) – CSX and dissident shareholders sounded off yesterday, as they shared their cases to an advisory firm and outlined their differing plans for the railroad operator’s future. With a proxy fight in the future, TCI and 3G […]

CSX, hedge funds to present cases online

June 6, 2008 : Permalink

Bizjournals.com- CSX Corp. and the activist hedge funds engaged in a proxy contest with the railroad will make their cases to gain the recommendation of a company many institutional investors rely on when casting shareholder votes. RiskMetrics Group, a proxy […]

CSX says hedge funds have no plan for the company

June 4, 2008 : Permalink

Reuters- U.S. railroad CSX Corp, locked in a proxy battle with two hedge funds, urged shareholders in a letter on Tuesday to vote against the activist investor group’s proposed slate of five directors, saying they had "no plan" for the […]

CSX Case Challenges Hedge Funds

May 27, 2008 : Permalink

New York Post- A looming decision in a heated lawsuit brought by railroad giant CSX Corp. could shut down a loophole used by activist hedge funds to hide their stake from the market. CSX alleges that two big hedge funds […]

Hedge funds urge CSX shareholders to elect their board slate

May 22, 2008 : Permalink

CNN Money- Two hedge funds urged shareholders of CSX Corp. on Tuesday to elect their minority slate of five board candidates, arguing that their nominees have more industry experience and a greater financial stake in the railroad operator. The hedge […]

CSX, hedge funds face off in US court

May 22, 2008 : Permalink

Reuters- The chief executive of CSX Corp said in court on Wednesday he felt targeted by activist investors seeking to get seats on the board of directors, but the rail company negotiated with them in good faith to try to […]