Hedge fund revealed as largest shareholder in Royal Mail

TCI has built up a 5.82% stake in Royal Mail, owning 5.82m shares. It only had to disclose the stake once it rose above the 5% threshold, reached on Friday. The hedge fund is run by philanthropist Chris Hohn, who donates at least 0.5% of its assets each year to a children's charity headed by his wife. He has been criticised in the past for his shareholder activism, including demanding the breakup of ABN Amro, which led to a global takeover battle. He also countered Deutsche Börse's attempts to buy the London Stock Exchange in 2005, causing a German politician to label hedge fund inves...