Behind every billionaire there is a story!

Economist profiles hedge fund billionaire Christopher Hohn

THIS summer’s Exchange Forum, an industry event attended by Europe’s top stockmarket operators, was a strange place to see Christopher Hohn, the founder of The Children’s Investment Fund (TCI). Mr Hohn is reclusive by nature. By agreeing to speak at the forum he was appearing not just in public, but before a potentially hostile crowd, since his hedge fund, based in London, has a history with financial exchanges. In 2005 TCI played a prominent role in derailing an offer from Deutsche Börse for the London Stock Exchange (LSE), which led to the ousting of Werner Seifert, the German exchange’s long-serving chief executive. Mr Seifert recounted the story in a book, “The Invasion of Locusts”, and popularised a metaphor that is now widely used by critics of activist investors

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http://www.economist.com/people/displaystory.cfm?story_id=9469076