The Children’s Investment Fund Management

Date:

Our Security And Data Retention Measures

Sonia Medina-Gomez on the Children’s Investment Fund Foundation

The Personal Information you provide to us will be transferred to and stored on our servers in the UK and we take steps to protect your Personal Information from unauthorised access and against unlawful processing, accidental loss, destruction and damage.

We will only keep your Personal Information for as long as we reasonably require it and, in any event, only for as long as we have a legal basis, right or obligation to keep it.

Where you have chosen a password which allows you to access certain parts of the Website or the Investor Portal, you are responsible for keeping this password confidential. We advise you not to share your password with anyone.

Unfortunately, the transmission of information via the internet is not completely secure and, although we will take steps to protect your Personal Information, we cannot guarantee the security of your Personal Information transmitted via the Website any transmission is therefore at your own risk.

To protect your personal information from unauthorised access and use, we apply organisational and technical security measures in accordance with Data Protection Legislation. These measures include computer safeguards and secured files and buildings. We will notify you of any material personal data breaches affecting you in accordance with the requirements of Data Protection Legislation.

The Children’s Investment Fund Management

The Children’s Investment Fund Management

Industry
2003 19 years ago
Founder
Website .com

The Childrens Investment Fund Management LLP is a Londonbased hedge fund management firm founded by Chris Hohn in 2003 which manages The Childrens Investment Master Fund. TCI makes longterm investments in companies globally. The management company is authorized and regulated in the United Kingdom by the Financial Conduct Authority. Its holding company is TCI Fund Management Limited, based in the Cayman Islands.

Like most hedge funds, TCI requires investors to commit their capital for multi-year periods. This long-term horizon allows the fund greater flexibility when trading and investing capital independent of any potential ad hoc time constraints.

Personal Information That We Collect From You

TCI provides investment management services to the Fund, in which you are considering investing or are currently invested and TCI also provides certain investor-related services to investors in the Funds, on behalf of these Funds. In connection therewith, when you engage with us , you may provide Personal Information about yourself including your name and contact details .

If you consider investing in any of the Funds, you may also provide us with certain financial information and various other necessary Personal Information , identity documentation, risk profile, date of birth, investment history and bank details). Where you make use of our Website or Investor Portal we may also collect information about your use of the Website or Investor Portal .

We also have CCTV in some of our offices for the purpose of crime prevention and where this is used, we will display appropriate notices. Some of the communal areas in our premises use CCTV for the purpose of crime prevention However, this is under the control of a third party and therefore you should consult any notices they display and their privacy statements for more information.

Where you provide Personal Information on behalf of another individual, you are responsible for notifying that individual that you have provided their Personal Information to us and directing them to this Policy as to how we will process their Personal Information.

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Childrens Investment Fund Foundation

Website:

The Childrens Investment Fund Foundation is a United Kingdom-based non-profit foundation that focuses on providing financial support to climate-change initiatives, environmentalist organizations, and to groups tackling various issues concerning children.

CIFF Foundation pledged $7,000,000 to the Center for Climate Integrity , a project that has heavily pushed for litigation against energy and fossil fuel companies due to the costs attributed to climate change.

The Childrens Investment Fund Foundation also contributed £150,000 to Extinction Rebellion , a radical environmental activist organization created in the United Kingdom in mid-2019.

Iv Notice Of Proposed Director Nominee And Bylaw Amendment

Childrenâs Investment Fund Foundation adopts open licensing policy ...

As noted, TCI on January 8, 2008, submitted to CSX a Stockholder Notice of Intent to Nominate Persons for Election as Directors in which it proposed its slate of candidates for the board. Later in January, it sent two supplemental notices regarding its intent to propose an amendment of the bylaws to allow holders of 15 percent or more of all outstanding CSX shares to call a special meeting for any purpose permissible under Virginia law. The January 8 notice, which in this respect was incorporated into the supplemental notices, avowed that TCI beneficially owned 8.3 percent of CSX’s shares, a figure that did not include the shares referenced under its TRSs.

PX 159.

JX 9, 10.

Article I, Section 11, of CSX’s bylaws provides in substance that any shareholder of record as of the appropriate date may nominate persons for election and propose business to be considered by the shareholders provided, in relevant part, that the shareholder “complies with the notice procedures set forth in . . . Section 11.” Section 11 makes clear that “nly such persons who are nominated in accordance with the procedures set forth in . . . Section 11 shall be eligible . . . to serve as directors and only such business shall be conducted at a meeting of shareholders as shall have been brought before the meeting in accordance with the procedures set forth in . . . Section 11.” Section 11 states in pertinent part that a shareholder’s notice:

JX 30, at 4.

Id. at 7.

Id. at 5.

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Remuneration Of Portfolio Managers

Hedge fund management firms are often owned by their , who are therefore entitled to any profits that the business makes. As management fees are intended to cover the firm’s operating costs, performance fees are generally distributed to the firm’s owners as profits. Funds do not tend to report compensation, and so published lists of the amounts earned by top managers tend to be estimates based on factors such as the fees charged by their funds and the capital they are thought to have invested in them. Many managers have accumulated large stakes in their own funds and so top hedge fund managers can earn extraordinary amounts of money, perhaps up to $4 billion in a good year.

Earnings at the very top are higher than in any other sector of the financial industry, and collectively the top 25 hedge fund managers regularly earn more than all 500 of the chief executives in the . Most hedge fund managers are remunerated much less, however, and if performance fees are not earned then small managers at least are unlikely to be paid significant amounts.

Of the 1,226 people on the Forbes World’s Billionaires List for 2012, 36 of the financiers listed “derived significant chunks” of their wealth from hedge fund management. Among the richest 1,000 people in the United Kingdom, 54 were hedge fund managers, according to the Sunday Times Rich List for 2012.

Age Structure And Median Age

Children younger than 14 constituted 20.6% of the population in Outer London in 2018, and 18% in Inner London. The 1524 age group was 11.1% in Outer and 10.2% in Inner London, those aged 2544 years 30.6% in Outer London and 39.7% in Inner London, those aged 4564 years 24% and 20.7% in Outer and Inner London respectively. Those aged 65 and over are 13.6% in Outer London, but only 9.3% in Inner London.

The of London in 2018 was 36.5, which was younger than the UK median of 40.3.

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Personal Information That We Receive From Other Sources

We may receive information from third parties who collect Personal Information from you and pass it on to us or make it available to us. For example: where we or any of the Funds’ service providers conduct verification or anti-money-laundering checks on prospective investors or where we receive contact details and other Personal Information from intermediaries where another individual or entity makes an investment on your behalf, they may provide us with certain Personal Information to effect the making of the relevant investment and your employer may provide your Personal Information to us in connection with services that we provide to our clients. Where this is the case the third party is responsible for informing you that they have shared your Personal Information with us, directing you to this Policy as to how we will process your Personal Information and obtaining any relevant consents from you to ensure you are happy with the ways in which your Personal Information will be used, but once we are holding it, we will only handle it in accordance with this Policy.

Vi The Positions Of The Parties

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CSX contends that TCI violated Section 13 of the Exchange Act by failing to disclose its beneficial ownership of shares of CSX common stock referenced in their TRSs and TCI and 3G violated Section 13 by failing timely to disclose the formation of a group. It argues further that TCI and 3G violated Section 14 of the Exchange Act because their proxy statements were materially false and misleading. Its state law claim contends that defendants’ notice of intent to nominate directors failed to comply with CSX’s bylaws in violation of Section 13.1-624 of the Virginia Stock Corporation Act.

PTO, at 92-93.

Defendants contend first that CSX and Ward violated Section 14 of the Exchange Act because the CSX proxy statement is materially false and misleading concerning executive compensation and director stock awards, and the defendants and their intentions. They allege also that a bylaw amendment passed by CSX on February 4 concerning shareholder special meetings violates Section 13.1-680 of the Virginia Stock Corporation Act.

Id. at 93-94.

15 U.S.C. § 78m.

In order to prevent circumvention of Section 13, Section 13 further provides that “hen two or more persons act as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of an issuer, such syndicate or group shall be deemed a `person’ for the purposes of this subsection.”

Id.§ 78m.

A. Beneficial Ownership

See17 C.F.R. § 240.13d-3.

a. Investment Power

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Second Circuit Decision Sends Csx And Hedge Fund Suitors Tci And 3g Back To District Court To Examine When Funds Formed A Group To Acquire Csx Stock Leaving Unresolved The Issue Of Beneficial Ownership Of Shares Referenced In Cash

  • Vincent PitaroHedge Fund Law Report

Museums Art Galleries And Libraries

London is , galleries, and other institutions, many of which are free of admission charges and are major as well as playing a research role. The first of these to be established was the in , in 1753. Originally containing antiquities, natural history specimens, and the national library, the museum now has 7 million artefacts from around the globe. In 1824, the was founded to house the British national collection of Western paintings this now occupies a prominent position in .

The is the second , and the of the United Kingdom. There are many other research libraries, including the and , as well as , including the at , the at , the at , and the at the .

In the latter half of the 19th century the locale of was developed as “”, a cultural and scientific quarter. Three major national museums are there: the , the , and the . The was founded in 1856 to house depictions of figures from British history its holdings now comprise the world’s most extensive collection of portraits. The national gallery of British art is at , originally established as an annexe of the National Gallery in 1897. The Tate Gallery, as it was formerly known, also became a major centre for modern art. In 2000, this collection moved to , a new gallery housed in the former which is accessed by pedestrians north of the Thames via the .

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Buses Coaches And Trams

London’s runs 24 hours a day with about 9,300 vehicles, over 675 bus routes and about 19,000 bus stops. In 2019/1920 the network had over 2 billion commuter trips per year. Since 2010 and average of £1.2 billion is taken in revenue each year. London has one of the largest wheelchair-accessible networks in the world and from the third quarter of 2007, became more accessible to hearing and visually impaired passengers as audio-visual announcements were introduced.

London’s coach hub is , an building opened in 1932. The coach station was initially run by a group of coach companies under the name of London Coastal Coaches however, in 1970 the service and station were included in the nationalisation of the country’s coach services, becoming part of the National Bus Company. In 1988, the coach station was purchased by London Transport which then became . Victoria Coach Station has over 14 million passengers a year and provides services across the UK and continental Europe.

London has a modern tram network, known as , centred on in . The network has 39 stops and four routes, and carried 28 million people in 2013. Since June 2008, has completely owned and operated Tramlink.

Water Supply And Sanitation

SEC Info

Access to improved water supply and sanitation in the UK is universal. It is estimated that 96.7 per cent of households are connected to the sewer network. According to the Environment Agency, total water abstraction for public water supply in the UK was 16,406 per day in 2007.

In England and Wales water and sewerage services are provided by 10 private regional water and sewerage companies and 13 mostly smaller private “water only” companies. In Scotland, water and sewerage services are provided by a single public company, . In Northern Ireland water and sewerage services are also provided by a single public entity, .

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From The Union With Ireland To The End Of The First World War

The term “United Kingdom” became official in 1801 when the parliaments of Great Britain and Ireland each passed an , uniting the two kingdoms and creating the .

Britain fought alongside France, Russia and the United States, against Germany and its allies in the . British armed forces were engaged across much of the British Empire and in several regions of Europe, particularly on the . The high fatalities of trench warfare caused the loss of much of a generation of men, with lasting social effects in the nation and a great disruption in the social order.

After the war, Britain received the mandate over a number of former German and colonies. The British Empire reached its greatest extent, covering a fifth of the world’s land surface and a quarter of its population. Britain had suffered 2.5 million casualties and finished the war with a huge national debt.

Fees Paid To Hedge Funds

Hedge fund management firms typically charge their funds both a and a .

Management fees are calculated as a percentage of the fund’s and typically range from 1% to 4% per annum, with 2% being standard. They are usually expressed as an annual percentage, but calculated and paid monthly or quarterly. Management fees for hedge funds are designed to cover the operating costs of the manager, whereas the performance fee provides the manager’s profits. However, due to the management fee from larger funds can generate a significant part of a manager’s profits, and as a result some fees have been criticized by some public pension funds, such as , for being too high.

The is typically 20% of the fund’s profits during any year, though performance fees range between 10% and 50%. Performance fees are intended to provide an incentive for a manager to generate profits. Performance fees have been criticized by , who believes that because hedge funds share only the profits and not the losses, such fees create an incentive for high-risk investment management. Performance fee rates have fallen since the start of the .

Almost all hedge fund performance fees include a “” , which means that the performance fee only applies to net profits . This prevents managers from receiving fees for volatile performance, though a manager will sometimes close a fund that has suffered serious losses and start a new fund, rather than attempt to recover the losses over a number of years without a performance fee.

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What We Do With Your Personal Information

Some of the Personal Information we collect or acquire is collected and processed so we can perform our investor related services, some for the purpose of legal compliance and some for the purposes of our legitimate business interests .

We will only use your Personal Information in order to:

  • perform any agreement that we may have with you
  • supply investment-related services and correspond with you
  • provide support in respect of these services
  • improve our Website, Investor Portal and other investor-related services
  • comply with our own legal obligations
  • for our internal business processes, such as updating and maintaining records and
  • monitor and record calls for compliance, quality, business analysis, training and related purposes in order to pursue the legitimate interests of the TCI and the Funds to improve their service delivery.
  • Where you have explicitly consented at the time we collected your Personal Information or where we otherwise have a right to do so, we may also use your Personal Information to let you know about our other services that may be of interest to you and/or inform you about important changes or developments to our services, by post, telephone and e-mail.

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