{"id":10261,"date":"2009-04-03T00:00:00","date_gmt":"2009-04-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"tci-has-12-billion-of-japan-short-positions-sells-toshiba","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/tci-has-12-billion-of-japan-short-positions-sells-toshiba.html","title":{"rendered":"TCI Has $1.2 Billion of Japan Short Positions, Sells Toshiba"},"content":{"rendered":"<p>Bloomberg &#8211; The Children&rsquo;s Investment Fund Management UK LLP, a $9.5 billion London-based hedge fund, has about $1.2 billion of short positions in Japanese stocks including Toshiba Corp., according to exchange filings.             <\/p>\n<p>The fund, better known as TCI, has shorted 13 Japanese stocks, data based on exchange filings compiled by Bloomberg show. Mizuho Financial Group Inc., Japan&rsquo;s second-biggest bank by revenue, and Sony Corp., the world&rsquo;s second-biggest consumer- electronics maker, are also among the short positions.     <\/p>\n<p>The bets against Japanese stocks by activist fund TCI, which lost a proxy battle with Japanese utility Electric Power Development Co. last year, come as the Nikkei 225 Stock Average completed its worst fiscal year since March 2001, losing 35 percent. TCI&rsquo;s fund fell 43 percent in 2008, as global hedge funds were battered by client withdrawals and the worst market losses since the 1930s.     <\/p>\n<p>  <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=akCQ.BbqhxMk&#038;refer=home\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The Children&rsquo;s Investment Fund Management UK LLP, a $9.5 billion London-based hedge fund, has about $1.2 billion of short positions in Japanese stocks including Toshiba Corp., according to exchange filings. The fund, better known as TCI, has shorted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4835,1619,7901,9812,6454,7799,9815,2139,3060,9813,9816,4656,483,9818,9814,5427,9817,4292],"class_list":["post-10261","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1930s","tag-activist","tag-development-co","tag-financial-group-inc","tag-fiscal-year","tag-investment-fund-management","tag-japanese-stocks","tag-management-uk","tag-market-losses","tag-mizuho-financial-group","tag-nikkei-225","tag-proxy-battle","tag-sony-corp","tag-stock-average","tag-stocks-data","tag-tci","tag-toshiba-corp","tag-withdrawals"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10261"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10261\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}