COMPANIES The Children’s Investment Fund, the $9.5bn London hedge fund, is betting heavily on falling share prices in Japan by taking short positions in big companies there totalling more than $1bn.
TCI, which last year lost a bitter fight over corporate governance at J-Power, the Japanese power company in which it held 9.9 per cent, is betting on share price falls in companies ranging from the electronics groups Sony, Sharp and Olympus to Mizuho, Japan’s second-largest banking group, and Bridgestone, the tyre maker.
