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TCI Fund Management, Sir Christopher Hohn’s high-profile activist hedge fund firm, is calling on Canadian National Railway to end its “reckless, irresponsible, and value destructive pursuit” of Kansas City Southern, and wants to requisition a special meeting of CN shareholders aimed at overhauling the board and replacing its CEO.
TCI, which has been a shareholder in CN since 2018, last week increased its holdings to more than 5 per cent of the shares outstanding, valued at USD4 billion.
TCI said on Tuesday it has retained shareholder advisory firm Kingsdale Advisors to offer strategic advice, assist in engaging with shareholders, and,
The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure provider for the global financial services industry, has launched its Sponsored General Collateral (GC) Service, a new offering from its Fixed Income Clearing Corporation (FICC) subsidiary, where the first trades have been executed by BNY Mellon, Federated Hermes and JP Morgan Securities LLC.
The new Sponsored GC Service allows Sponsoring Members and their Sponsored Member Clients to submit triparty repo transactions executed on a general collateral basis across US Treasury securities, agency debentures and agency mortgage-backed securities collateral to central clearing. Users benefit from a reduction in operational and counterparty
Broadridge Financial Solutions has added Ted Bragg and Jim Kwiatkowski to the team at LTX, a Broadridge company offering a new AI-driven digital trading platform for corporate bonds.
Bragg and Kwiatkowski join the LTX leadership team, working closely with LTX CEO Jim Toffey to accelerate the digitisation of corporate bond trading.
“As we leverage next-gen technologies to take the bond market to the next level, Ted and Jim are welcomed additions who are recognised leaders with decades of experience driving transformation in the capital markets industry,” says Toffey. “These latest hires reinforce Broadridge’s commitment and investment in LTX and
Centaur Fund Services, a specialist in fund administration and fiduciary services, has moved to new offices in the heart of the West End of London. This new location marks the continuation of Centaur’s European expansion.
After more than a decade of building client relationships and providing extensive services to hedge fund and private equity clients, Centaur is cementing its position as an asset servicing partner across Europe with an increased footprint and presence in the UK capital.
Gavan McGuire, Head of Business Development Europe, says: “This move marks a significant milestone for Centaur’s UK and European presence. We have a
AlphaTrAI, a technology-driven asset management firm that delivers results through transformative artificial intelligence, has appointed Max Gokhman as Chief Investment Officer (CIO).
In this role, he will oversee the firm’s quantitative, multi-asset, AI-enabled platform.
The firm also announced the expansion of its advisory council with Amy Wierenga, John Culbertson, Andrew Malloy, and Jose Pierre.
“Max shares our firm’s commitment to modernising asset management by harnessing the power of artificial intelligence,” says Andreas Roell, CEO, AlphaTrAI. “He has the right combination of investment discipline and passion for innovation to deliver long-term value to our clients. His addition is powerful proof
