Patrick Degorce
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Patrick Degorce
Patrick Degorce (born 1969) is a French hedge fund manager, and the founder and chief executive officer (CEO) of Theleme Partners LLP. Early life Degorce has French nationality, and Swiss residence. Career Degorce was an officer in the French Navy in his 20s, before switching to a career in financial services. He worked for Merrill Lynch Investment Managers for seven years, rising to fund manager. In 2003, Degorce was a co-founder, along with Chris Hohn, of The Children's Investment Fund Management (TCIF) hedge fund. In 2007, Degorce wrote to the Dutch bank ABN AMRO calling for its break up, citing its unsuccessful cost-cutting plans. The letter and subsequent press attention ultimately led to its purchase by a consortium led by Royal Bank of Scotland, in what was at the time the world's largest bank takeover at US$98.3 billion. In 2009, Degorce founded Theleme Partners LLP, a hedge fund based at 15 Davies Street, Mayfair, London, and is its CEO and CIO. Theleme is based ...
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Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, wher ...
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Merrill Lynch
Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial analysts and manages $2.3 trillion in client assets. The company also operates Merrill Edge, an electronic trading platform. Prior to 2009, the company was publicly owned and traded on the New York Stock Exchange. Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail. The acquisition was completed in January 2009 and Merrill Lyn ...
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Chris Hohn
Sir Christopher Anthony Hohn KCMG (born October 1966) is a British billionaire hedge fund manager. In 2003, Hohn established The Children's Investment Fund Management (TCI), a prominent value-based hedge fund. Profits generated by the fund were initially proportionately allocated to The Children's Investment Fund Foundation, a registered charity in England and Wales that focuses on improving the lives of children living in poverty in developing countries. He is known as an activist investor. Hohn is worth $8.21 billion according to the Bloomberg billionaires index in 2022 and was ranked among the most successful and wealthiest alumnus of Harvard Business School. As of 2014, he had given over $4.5 billion to The Children's Investment Fund Foundation. In 2019, ''Forbes'' put Hohn in the list of the world's most generous philanthropists outside of the US. In recent years, Hohn has become an outspoken advocate of urgent action on the climate crisis, and a prolific contributor to ...
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The Children's Investment Fund Management
The Children’s Investment Fund Management (UK) LLP (TCI) is a London‐based hedge fund management firm founded by Chris Hohn in 2003 which manages The Children’s Investment Master Fund. TCI makes long‐term 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.TCI derives its name from a charitable foundation called The Children's Investment Fund Foundation (CIFF), set up by Chris Hohn and his ex-wife, Jamie Cooper-Hohn, and initially contributed a proportion of profits to the foundation. In January 2022, TCI was named by the Guardian as the world's top-performing hedge fund. It is known as one of the most aggressive activist investors. 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 i ...
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ABN AMRO
ABN or abn may refer to: Companies * ABN AMRO Group, a Dutch bank group * ABN AMRO, sometimes referred to as "ABN" in shorthand, is a Dutch state-owned bank * Algemene Bank Nederland, a now-defunct Dutch bank Radio, news and television organizations * ABN Andhra Jyothi, a Telugu language news channel based in India * Agri Broadcast Network, an Ohio-based agricultural radio news network * ABN (TV station), the Australian Broadcasting Corporation's Sydney TV station * ABNXcess, the sole cable television operator in Malaysia * Asahi Broadcasting Nagano, a TV station in Nagano Prefecture, Japan * Asia Business News a now-defunct business news channel * Agencia Bolivariana de Noticias, the national news agency of Venezuela * Avivamiento Broadcasting Network, a religious local TV station in Bogotá, Colombia * AMCARA Broadcasting Network, an Philippine-based broadcast company in Quezon City, Philippines Other organizations * Alaska Board of Nursing, the regional board of nurses in the ...
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Royal Bank Of Scotland
The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established in 1724 to provide a bank with strong Hanoverian and Whig ties. Following ring-fencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings in 2019. NatWest Markets comprises the Group's investment banking arm. To give it legal form, the former RBS entity was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separate PRA b ...
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Davies Street
Davies is a patronymic surname of English or Welsh origin. There are two main theories concerning its beginnings, neither of which has been definitively proven. The first theory contends that it may be a corruption of "Dyfed", the name of a medieval Welsh kingdom located in what is now Carmarthenshire; however, the origin of the kingdom's name is itself disputed, with the traditional belief being that it was founded by the powerful Irish ''Déisi'' dynasty in the third century, or otherwise that it derives from the name of the Demetae people. "Dyfed" as a surname and the related first name "Dafydd" appear from the 12th century, with the latter generally translated into English as "David". The second theory states that it may derive directly from the Hebrew name "David", which is also the name of Wales' patron saint. The surname is the joint-second most common in Wales and the eighth most common in England, where a large percentage of people have Welsh ancestry. Retrieved 21 Ja ...
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Paul Ruddock
Sir Paul Martin Ruddock, (born 28 August 1958) is a British businessman, philanthropist and patron of the arts. He is a former Chairman of the Victoria & Albert Museum and Chairman of the University of Oxford Endowment. Early life and education Ruddock was born on 28 August 1958 in Solihull, West Midlands, England. He was educated at King Edward's School, Birmingham, a private all-boys school, from 1969 to 1976. He read jurisprudence at Mansfield College, Oxford, where he received a first class Bachelor of Arts (BA) degree in 1980: as per tradition, his BA was promoted to a Master of Arts (MA Oxon) in 1984. He has been a Bancroft Fellow at Mansfield College since 2008. Personal life Since 1991, he has been married to Jill Shaw Ruddock, originally of Baltimore, Maryland; the couple have two daughters. Jill Ruddock is a board member at the Bowdoin College Museum of Art and a trustee of Mousetrap Theatre Projects. She is founder and chairman of the Second Half of Your Life Founda ...
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Rishi Sunak
Rishi Sunak (; born 12 May 1980) is a British politician who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party since October 2022. He previously held two cabinet positions under Boris Johnson, lastly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (MP) for Richmond (Yorks) since 2015. Ideologically, Sunak has been described as belonging to the centre-ground of the Conservative Party. Sunak was born in Southampton to parents of Indian descent who migrated to Britain from East Africa in the 1960s. He was educated at Winchester College, studied philosophy, politics and economics at Lincoln College, Oxford, and earned an MBA from Stanford University in California as a Fulbright Scholar. During his time at Oxford University, Sunak undertook an internship at Conservative Campaign Headquarters and joined the Conservative Party. After graduating, Sunak worked for Goldman Sachs and later as a partner a ...
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Moderna
Moderna, Inc. ( ) is an American pharmaceutical and biotechnology company based in Cambridge, Massachusetts that focuses on RNA therapeutics, primarily mRNA vaccines. These vaccines use a copy of a molecule called messenger RNA (mRNA) to produce an immune response. The company's only commercial product is the Moderna COVID-19 vaccine, marketed as Spikevax. As of 2022, the company has 44 treatment and vaccine candidates, of which 21 have entered clinical trials. Targets for vaccine candidates include influenza, HIV, respiratory syncytial virus, Epstein–Barr virus, the Nipah virus, chikungunya, a combined single-shot COVID-19 booster and influenza vaccine, a cytomegalovirus vaccine, and two cancer vaccines. The company's pipeline also includes candidates for cancer immunotherapy using OX40 ligand, interleukin 23, IL36G, and interleukin 12 as well as, in partnership with AstraZeneca, a regenerative medicine treatment that encodes vascular endothelial growth factor A to ...
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Court Of Appeal (England And Wales)
The Court of Appeal (formally "His Majesty's Court of Appeal in England", commonly cited as "CA", "EWCA" or "CoA") is the highest court within the Senior Courts of England and Wales, and second in the legal system of England and Wales only to the Supreme Court of the United Kingdom. The Court of Appeal was created in 1875, and today comprises 39 Lord Justices of Appeal and Lady Justices of Appeal. The court has two divisions, Criminal and Civil, led by the Lord Chief Justice and the Master of the Rolls and Records of the Chancery of England respectively. Criminal appeals are heard in the Criminal Division, and civil appeals in the Civil Division. The Criminal Division hears appeals from the Crown Court, while the Civil Division hears appeals from the County Court, High Court of Justice and Family Court. Permission to appeal is normally required from either the lower court or the Court of Appeal itself; and with permission, further appeal may lie to the Supreme Court. The ...
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HMRC
, patch = , patchcaption = , logo = HM Revenue & Customs.svg , logocaption = , badge = , badgecaption = , flag = , flagcaption = , image_size = , commonname = , abbreviation = , motto = , formed = , preceding1 = Inland Revenue , preceding2 = HM Customs and Excise , dissolved = , superseding = , employees = 63,042 FTE , volunteers = , budget = (2018–2019) , country = United Kingdom , constitution1 = Commissioners for Revenue and Customs Act 2005 , speciality1 = customs , speciality2 = tax , headquarters = 100 Parliament Street, London, SW1A 2BQ , sworntype = , sworn = , unsworntype = , unsworn = , minister1name = Andrew Griffith MP , minister1pfo = Economic Secretary to the Treasury and ...
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