Report
Eric Compton
EUR 101.80 For Business Accounts Only

It’s Time For TCI To Show its Cards; No Change to Exemplary Stewardship Rating

London Stock Exchange made headlines over the weekend with news that London-based hedge fund, TCI Fund Management, is seeking the resignation of Board Chairman Donald Brydon. TCI holds more than 5% of the exchange’s outstanding shares and is its fourth-largest shareholder. The fund’s manager, Christopher Hohn, is accusing the board of forcing current CEO Xavier Rolet’s involuntary ousting. We are surprised by the seriousness of these claims, and will monitor the situation closely. The genesis of...
Underlying
London Stock Exchange Group plc

London Stock Exchange Group is a global markets infrastructure business based in the United Kingdom. Co's operating segments include: Information Services, which provides a range of information and data products including indexes and benchmarks; Post Trade Services LCH, which provides clearing services through which counterparty risk is mitigated across multiple asset classes; Capital Markets, provides access to capital for domestic and international businesses and electronic platforms for secondary market trading of equities, bonds and derivatives; and Group Technology, which provides secure technologies to customers that require performance at high levels of availability and throughput.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Eric Compton

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