{"id":4479,"date":"2006-05-25T00:00:00","date_gmt":"2006-05-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-draw-critics-in-europes-market-wars","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/hedge-funds-draw-critics-in-europes-market-wars.html","title":{"rendered":"Hedge Funds Draw Critics in Europe&#8217;s Market Wars"},"content":{"rendered":"<p>New York Times &#8211; Grumbling sounds are coming these days from stockholders of the Frankfurt Stock Exchange&#8217;s parent, <a title=\"Deutsche B\u00c3\u00af\u00c2\u00bf\u00c2\u00bdrse\" href=\"http:\/\/www.nytimes.com\/redirect\/marketwatch\/redirect.ctx?MW=http:\/\/custom.marketwatch.com\/custom\/nyt-com\/html-companyprofile.asp&amp;symb=DBOEF\">Deutsche B\u00c3\u0192\u00c2\u00b6rse<\/a>, about hedge funds.<\/p>\n<p>  The long-term plans laid by the Children&#8217;s Investment Fund, better known as TCI; Atticus Capital; and other hedge funds appeared to backfire this week, potentially leaving the Deutsche B\u00c3\u0192\u00c2\u00b6rse  without a merger partner while its rivals are pairing up.<\/p>\n<p>  On Tuesday, investors in the cross-border European exchange company Euronext voted down a proposal financed by a hedge fund that would have forced Euronext to consider a deal with Deutsche B\u00c3\u0192\u00c2\u00b6rse.  In doing so, they indicated that they preferred a tie-in with a rival bidder, the <a title=\"NYSE Group\" href=  \"http:\/\/www.nytimes.com\/redirect\/marketwatch\/redirect.ctx?MW=http:\/\/custom.marketwatch.com\/custom\/nyt-com\/html-companyprofile.asp&amp;symb=NYX\">NYSE Group<\/a>, but wanted a better price.<\/p>\n<p>  During the Deutsche B\u00c3\u0192\u00c2\u00b6rse annual meeting Wednesday, investors criticized TCI and other funds, and lamented the fate of the German exchange.<\/p>\n<p>  TCI, started by a British manager, Christopher Hohn, in 2003, has been an outspoken advocate for a merger of Deutsche B\u00c3\u0192\u00c2\u00b6rse and Euronext, and owns shares in each. In January 2005, the fund teamed  up with Atticus Capital and several other hedge funds to halt a well-publicized run by Deutsche B\u00c3\u0192\u00c2\u00b6rse at the London Stock Exchange and oust the Germans&#8217; senior management.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/8-0&amp;fd=R&amp;url=http:\/\/www.nytimes.com\/2006\/05\/25\/business\/worldbusiness\/25hedge.html&amp;cid=0&amp;ei=QF91RMaFBYz8oQLX5f3BAQ\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; Grumbling sounds are coming these days from stockholders of the Frankfurt Stock Exchange&#8217;s parent, Deutsche B\u00c3\u0192\u00c2\u00b6rse, about hedge funds. The long-term plans laid by the Children&#8217;s Investment Fund, better known as TCI; Atticus Capital; and other [&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":[],"class_list":["post-4479","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4479","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=4479"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4479\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}