Christopher Hohn's Children's Investment Fund has recently sized down its holdings of Royal Mail. Previously, they owned 5.8% and now they own just under 4.6%. They've sold around 12 million shares.
Royal Mail went public late last year and soared higher. Children's Investment Fund was a big beneficiary as they were the largest shareholder.
As such, it looks like Hohn's fund has locked in some profits. According to fund documents, the firm returned well over 40% in 2013, with Royal Mail obviously contributing to those gains.
Tuesday, January 21, 2014
Children's Investment Fund Trims Royal Mail Stake
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