Children’s Investment Fund, 2005

Case Solution

Randolph B. Cohen, Joshua B. Sandbulte
Harvard Business School ()

TCI, The Children’s Investment Fund, is a London-based hedge fund. The company donates a significant portion of the proceeds to a charitable foundation. In 2005, TCI acquired a large stake in the Frankfurt Stock Exchange, Deutsche Börse. The fight with management disrupted a planned merger and led to the CEO resigning. It addresses a variety of issues in the investment business, including: How do value collectors create value? What are the advantages of a long-term orientation versus a short-term orientation, a buy versus a short sale, and a generalist approach versus a specialist? What role does shareholder activism play in corporate governance? Is the investment business and charitable giving mixed up?

We don‘t have the case solution, but we pay up to $50 for yours!

  • Set a reminder to receive an email after your university‘s case study deadline.
  • Upload your case study solution. We will review it for quality.
  • Get your money via PayPal or to your bank account.