Wednesday, April 4, 2012
When Hedge Funds Attack
After years of complaining about poor treatment as minority investors in India's publicly traded companies, some Western hedge funds are turning to activist tactics that have not often been tried here.
The recent moves may mark the beginning of a more confrontational period between foreign investors and Indian companies, which tend to be owned by either their founders or the government.
Last week, the U.K. hedge fund The Children's Investment Fund Management LLP, which has $9 billion in assets and is famous for its tussles with companies, initiated legal proceedings against the Indian government to protect its investment…
Wait..wait...there's more at http://online.wsj.com/article/SB10001424052702304750404577320112981090358.html?mod=WSJ_Markets_LEFTTopStories