We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Power play

31 October 2008 By Mike Prest

The famously combative hedge fund has sold its 9.9% stake back to the Japanese electricity company for a $110m loss. Its attempt to export activism to Japan always looked ambitious. The ignominious retreat signals that the heady days of hedge fund aggression are over.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)