TCI is fully committed to offering the best opportunity in the industry for a career in financial services with a client first focus. Is TCI a good fund? Powered and implemented by Interactive Data Managed Solutions. Last Friday, TCI addressed Google again with another letter. The hedge fund, which is based in a Mayfair townhouse a couple of doors down from Louis Vuittons flagship store, is ultimately owned by a parent company in the Cayman Islands, a tax haven. Careers TCI believes in the contribution of each individual and thereby in building a team that works in cohesion. Your use of the Content is provided for your convenience, is being accessed at your own risk, and is being made available to you on an AS IS and AS AVAILABLE basis. or Want to Sign up with your social account? Activist investor TCI Fund Management said in November that Waymo is the biggest component of the Google-parent's Other Bets segment and it has not justified excessive investment, adding that . All rights reserved. Perrys partners then posted him back to London where he ran the UK division. TCI Fund Management Ltd has disclosed 10 total holdings in their latest SEC filings. This week Hohn proved his point definitively when it was revealed that he. So I went through the process a while ago, or at least part of it - I don't know how far I got, but I met a senior analyst and then basically did 3 successive case studies, one of an equity they gave me and then 2 I had to come up with on my own. He said he lived a very simple lifestyle, avoids meat and practices yoga. Orpost 2yrs atIB/PE. On Friday, Pichai announced the difficult decision had been made to eliminate around 12,000 jobsor 6% of the firms global workforce. He is the biggest single donor to Extinction Rebellion on account of the urgent need for people to wake up to the climate emergency. (Reuters) - Activist investor TCI Fund Management has called on Alphabet Inc to cut costs by lowering its headcount and reduce losses in its self-driving unit Waymo, saying the Google parent. The payout is believed to be the highest annual amount ever paid to a single person in Britain. Join our employees in a casual, family-friendly workplace that focuses on personal development, team building, and training. The TCI Fund Management founder and director paid himself a dividend of almost $690 million last year; the equivalent of almost $1.9 million a day. TCI Fund Management, founded by Hohn in 2003, used to count current U.K. Prime Minster Rishi Sunak as an employee and was named the worlds best-performing large hedge fund in 2019. There is no info online! Abit of a strange questionas my impression was that there wasn't anyone who managed FIG specifically, though they are pretty active in it. Do they use a recruiter or you just gotta hustle to get on their radar through networking? Based in London, Hohn is known for his activist investments, where he shakes up boards and management of companies in which he owns shares. On Friday, Pichai announced the difficult decision had been made to eliminate around 12,000 jobsor 6% of the firms global workforce. This link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. Hi guys - does anyone know who looks after FIG in TCI? The dividend payment from TCI Fund Management is 15,000 times the average UK salary, and is about 3,500 times that collected by Sunak as PM. From day one, these values have shaped the vision and focus of TCI, and they continue to serve as guiding principles in all that we do. I could be part of the process. TCI seeks to invest in high quality companies with sustainable competitive advantages. TCI Fund Management LTD's largest holding is Microsoft Corp. with shares held of 22,268,951. TCI Fund Management is the world's best-performing large hedge fund, and it just made a big commitment to go green. Investors and industry watchers have been concerned as to how billions of dollars have . Under no circumstances should any of the Content be construed as an offer to sell or solicitation of an offer to buy a particular security. I'd say on par with the top Tiger funds and far superior to platforms. Many large cap companies within the sector have announced major layoffs in recent months, including Microsoft, Amazon and Meta. AUM c.$39bn at last count. Last November, TCI Fund Management wrote an open activist letter to Google's CEO. The charity holds almost $6bn of assets and gave away $386m in 2019, according to the latest available accounts. A spokesperson for the company did not respond to requests for comment. Under Sir Christopher Hohn's 'radical' move for the climate, things might. Sorry probably not super helpful but hopefully helps a tiny bit. We attract, develop, motivate and retain the most talented people. [1]: TCI Business Capital does not control, endorse or guarantee any of the information contained therein. The investment firm stated that the tech giant should take this as an opportunity to address excessive employee compensation in the company. Last years mega payday was not that exceptional for Hohn. This London based hedge fund run by Chris Hohn is known for its activist investments and strong returns. He has pumped more than 4bn into his personal childrens charity. Alphabet, like many other big tech companies, saw its share price plummet in 2022. On Oct. 6, TCI responded to CN's Oct. 4 press release with one of its own. TCI Fund Management is actively using 37 technologies for its website, according to BuiltWith. TCI Fund Management: Chris Hohn: 5.78%: $29938671000: 10: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. Hohn and TCI are known for running aggressive campaigns for change at companies they invest in. One opponent former Deutsche Brse boss Werner Seifert was so angry after losing a boardroom battle with Hohn that he wrote a book about it entitled Invasion of the Locusts, where he described Hohns style as poison. It equates to more than 1.5m a day. When completed, an email will be sent to the email address you specify Nishant Kumar. In particular, Alphabet should limit stock-based compensation given the depressed share price.. All content is communicated by TCI Fund Management Ltd. only to persons to whom it may lawfully be issued under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 including persons who are authorised under the Financial Services and Markets Act 2000 of the United Kingdom (the "Act"), certain persons having . Accounts. Provident architecto adipisci consequatur voluptas. Phone Number +44 20 7440 2330 TCI Fund Management is a value-based investment manager aiming to bring a long-term, owner orientated investing philosophy to the public markets. Trusted by over 1,000 aspiring hedge fund professionals just like you. Alphabet Inc's self-driving technology unit, Waymo, laid off 137 employees in its second round of layoffs in 2023, the firm told Reuters on Wednesday. This story was originally featured on Fortune.com, More from Fortune: Air India slammed for systemic failure after unruly male passenger flying business class urinated on a woman traveling from New YorkMeghan Markles real sin that the British public cant forgiveand Americans cant understandIt just doesnt work. The worlds best restaurant is shutting down as its owner calls the modern fine dining model unsustainableBob Iger just put his foot down and told Disney employees to come back into the office, Hongkongers Are Getting Loans Regardless of Credit, paid himself a dividend of almost $690 million last year, Air India slammed for systemic failure after unruly male passenger flying business class urinated on a woman traveling from New York, Meghan Markles real sin that the British public cant forgiveand Americans cant understand, It just doesnt work. The worlds best restaurant is shutting down as its owner calls the modern fine dining model unsustainable, Bob Iger just put his foot down and told Disney employees to come back into the office. The fund is famous for its campaign against Dutch bank ABN Amro, which led to its sale to Royal Bank of Scotland, seen as a key reason for RBSs near collapse during the financial crisis. TCI Business Capital is an Equal Opportunity Employer. Veritatis totam incidunt ut velit quia voluptatem. TCI Fund Management, founded by Hohn in 2003, used to count current U.K. Prime Minster Rishi Sunak as an employee and was named the world's best-performing large hedge fund in 2019. It said it held . All rights reserved. It made $600 million trading financial markets in 2019, says LCH. Would any other EU funds fall under the same classification in terms of being on par with top Tiger funds and being far superior to platforms (e.g. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Good models? However, in a letter dated Jan. 20, Christopher Hohn who revealed toward the end of last year that his hedge fund held a $6 billion stake in the Google parent company wrote to Pichai to urge the tech giant to take the job cuts much further. S&P Global was increased substantially while decreasing Charter Communications. Mine has many angles and it is difficult to decide when to stop going down the rabbit hole! Internet Explorer 8 is no longer supported. We believe everyone on our Team is important and deserves acknowledgment for their contribution to the success of our customers. Don't think anyone here will know. START YOUR FREE TRIAL. The battle for boardroom and C-suite control between CN and TCI Fund Management Ltd. continues to escalate. email address below and choose 'Submit'. Most recent portfolio value is calculated to be $ 28,576,617,000 USD. This week Hohn proved his point definitively when it was revealed that he paid himself just shy of 1m-a-day last year. Crowdsourced from over 500,000 members. Hohn collected $479m (343m) in annual dividend payments from his The Childrens Investment (TCI) fund in the biggest ever personal payday in the UK after doubling profits at his Mayfair hedge fund, run from an office a couple of doors down from Louis Vuittons flagship store. Offers may be subject to change without notice. The fund appealed to charities and foundations because it was structured so that one-third of management fees would go directly to the Childrens Investment Fund Foundation, a charity set up by the couple and run by Cooper-Hohn. Will JPOW go down in history as the worst FED Chairman of all time? Using a private equity approach, TCI conducts deep fundamental research, constructively engages with management and adopts a long-term investment horizon. He is also one of the U.K.s most prominent philanthropists, giving away $386 million through his charity, the Childrens Investment Fund Foundation, in 2019. It manages about $131.9 billion of hedge fund assets and has made $58.5 billion since inception, according to LCH. tci fund management Blogs, Comments and Archive News on Economictimes.com TCI Fund Management previously called for Alphabet to trim head count after "excessive" growth. According to LCH Investments annual ranking of the 20 most successful hedge funds of all time, TCI Fund Management generated $8.4 billion of net gains last year. tci fund management Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. launching your own badass fund. Seems like a privilege to have a shot to interview with them so hope you enjoyed the process. We are an independent philanthropic organisation, with offices in Addis Ababa, Beijing, London, Nairobi and New Delhi. (from sell side or your own), 101 Investment Banking Interview Questions, Funds From Operations (FFO) To Total Debt Ratio, Certified Hedge Fund Professional - Research Analyst, Certified Hedge Fund Professional - Investment Analyst, Certified Hedge Fund Professional - 3rd+ Year Analyst, Certified Private Equity Professional - 3rd+ Year Associate, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. TCI Fund Management's 13F portfolio value decreased from $44.44B to $36.84B this quarter. SEC form, multiple filers or classes of filers, and much more.***. According to Hohns letter, Alphabet has more than doubled its headcount over the last five years, with more than 30,000 employees hired in the first nine months of 2022 alone. Company number: 08898250, TCI Real Estate Partners Limited (FRN630092); and, TCI Fund Management (Ireland) Limited (regulated by the Central Bank of Ireland, with reference number C436218). TCI makes longterm investments in companies globally. Does anyone have any experience with TCI process or work/culture? It is more than 15,000 times as high as the U.K.s median salary of 33,280 ($40,585), and broke Hohns own record that was set when he paid himself $479 million last year. The Children's Investment Fund Management is also known as TCI Fund Management. 814 questions across 165 hedge funds. Back Submit. Hohn, who has only given a handful of tightly controlled media interviews throughout his career, pleaded with the high court judge overseeing his 2014 divorce from Jamie Cooper-Hohn to ban the media from the courtroom. Director, Child Health & Development at TCI Fund Management Hemang Shah is a Director, Child Health & Development at TCI Fund Management based in London, Essex. Client understands that the Portal Host has made its best effort to ensure that its service is uninterrupted, error free and completely secure, but neither TCI nor the Portal Host warrant same. Her lawyer said the marriage was what most marriages are: a partnership. In particular, Alphabet should limit stock-based compensation given the depressed share price.. TCI Fund Management LTD has met the qualifications for inclusion in our WhaleScore system. 4011 E. Sunrise Dr. Tucson, AZ 85718 Copyright TCIWealth 2023 | Disclosure | Privacy Policy. 2023 Fortune Media IP Limited. Located at 2ND FLOOR, Ireland, TCI FUND MANAGEMENT (IRELAND) LIMITED is a Private limited company (Ltd.) company. Representatives for Alphabet and TCI Fund . . In a largely repetitive 2,100-word tome, TCI (which consists of CIFF Capital UK LP, The Children's Investment Master Fund and TCI Fund Management Limited) said it "reiterates the need for Board and CEO . The 574m payout is thought to be highest annual amount ever paid to one person in Britain. The payout is believed to be the highest annual amount ever paid to a single person in Britain. Both TCI and the foundation flourished. containing a link to download the .zip file of the CSV file(s) you requested. the MV of securities sold, whichever is less, Founded in 2003 by Sir Christopher Hohn, TCI Fund Management Limited, the investment manager of CIFF Capital UK LP and The Children's Investment Master Fund, is a value orientated, fundamental investor which invests globally in strong businesses with sustainable competitive advantages. Hohn has definitely entered the elite of the hedge fund game. Earlier this month he called on Googles owner Alphabet to take aggressive action on costs. In a letter addressed to Alphabet CEO Sundar Pichai dated Friday and posted online, Sir Christopher Hohn, the founder of The Children's Investment (TCI) Fund Management, makes very clear his. Not sure if true but have heard they interview loads of candidates all the time, their case studies are tough, and the process is long. The Portal Host is responsible for the maintenance and security of the Content. can u make the same amount doing anything else? Follow Tweet. Et tempora nam ipsum aspernatur reprehenderit. He said he lived a very simple lifestyle, avoids meat and practises yoga. Thank you both for responding. These include Viewport Meta, IPhone / Mobile Compatible, and SPF. It is more than 15,000 times as high as the U.K.s median salary of 33,280 ($40,585), and broke Hohns own record that was set when he paid himself $479 million last year. Thanks! While arguing that Alphabet employees should be paid less, Hohn himself has seen his own income surge over the past year. There are like <10 analysts there. TCI Wealth Advisors is the only Registered Investment Advisor (RIA) on the West Coast to be part of the list. or to simply have an email sent to you whenever we receive a new Register for free to Reuters and know the full. Charges for TCI FUND MANAGEMENT (UK) LIMITED (04706248) More for TCI FUND MANAGEMENT (UK) LIMITED (04706248) Registered office address 7 Clifford Street, London, W1S 2FT . When Hohn was revealed as XRs single biggest donor, he said: Humanity is aggressively destroying the world with climate change and there is an urgent need for us all to wake up to this fact.. He is also one of the U.K.s most prominent philanthropists, giving away $386 million through his charity, the Childrens Investment Fund Foundation, in 2019. By being part of the process, I meant I was invited todo the 20 page type case study. He took their advice, and graduated in the top 5% of his class. After weeks of arguments which included Hohn calling Goldman Sachs bankers idiots and describing former Spain and Chelsea striker Fernando Torres as worthless the judge awarded Cooper-Hohn 36% or $530m of her former husbands fortune. He struck out on his own in 2003 setting up his own $500m fund TCI, which quickly attracted investment from some of the worlds top foundations and endowments including the Carnegie Corporation of New York and the Massachusetts Institute of Technology. TCI is among the largest independent registered investment advisory firms in the West. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. could be sentient says Microsofts chatbot feels like watching the Shark Tank investor Kevin OLeary says a new generation of employee has never worked in an officeand its totally I cant afford to sell because I dont want to lose that rate: 3% mortgage rates will loom large over the U.S. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Hohn first got on the list two years ago, then dropped off for a year after his hedge fund dipped in the red in 2018, a year in which it still beat the U.S. stock market and the average hedge fund manager. The hedge fund manager earns Britains biggest salary. for TCI FUND MANAGEMENT LTD, Top 20 equal-weighted holdings. Inventore aliquam non aut quia aspernatur magnam vitae. More than 70 years of synthesis experience and multi-purpose plants enable TCI to offer more than 30,000 products as well as custom . The top three positions . The billionaire hedge fund manager Sir Chris Hohn paid himself a record-breaking $690m (574m) this year after his Childrens Investment (TCI) fund recorded a a surge in profits. Top 50 TCI Fund Management Holdings . My mission is to save people from the Dark Side.". How do I update this listing? TCIs real estate lending business was established in 2014. Chris is a superb presenter (saw him at Sohn). Alphabet said in January it would slash 12,000 jobs, which will affect a large number of employees who support . The Content is believed to be reliable but we do not guarantee the completeness, timeliness, sequence, accuracy, or adequacy of the Content, and do not represent or warrant results to be obtained from its use or that the Content contains sufficient information by itself to be the basis for sound investment decisions. Big and concentrated positions. Sit a illo et dolorem corrupti ut nesciunt. Chris Hohns hedge fund firm, TCI Fund Management, made more money in financial markets than any of the worlds most successful hedge fund firms in 2019, marking his ascendancy in the trading world. Cooper-Hohn said the foundation not about putting a warm and fuzzy face on TCI. Hedge fund manager Sir Chris Hohn once made a point of telling a high court judge that he was an unbelievable moneymaker. Quis aut numquam est odit aliquam eligendi amet. Although he was in a fight over a huge amount of money, Hohn said his lifes mission was to give money away. The Children's Investment Fund Management . TCI will drive outcomes by using activism when appropriate. 2005-2023 Wall Street Oasis. Portfolio value: $29B+ Period: 2022 Q4. By selecting "Continue", you will leave TCI Business Capital's website and enter a third party website. This site uses cookies to provide you with an optimized experience, for content improvement, and for statistics. Career opportunities include Account Management, Customer Service, Collections, Treasury, Accounting, Business Development, Credit, Risk Management, Legal Services, and Information Technology. Create Email Alert, ***Log In or FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. TCI has been a CN shareholder since 2018. (RTTNews) - TCI Fund Management urged Google parent Alphabet to cut jobs & salary expense, reduce losses in the Other Bets unit, and boost stock buybacks, the Activist investor wrote in a letter . The decision to cut 12,000 jobs is a step in the right direction, but it does not reverse the very strong headcount growth of 2022, he argued. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Managed by Sir Christopher Hohn, TCI, or The -Children's Investment Fund, has achieved outstanding returns for investors since its inception. Over the past 12 months, its stock has shed around 25% of its value. Predict your next investment. "TCI Fund Management" refers to TCI Fund Management Limited, which became authorised and regulated by the Financial Conduct Authority ("FCA") on 29 June 2015 (with a Firm Reference Number 684923), and its predecessor firm, The Childrens Investment Fund Management (UK) LLP, (FRN 226074) which was established in 2003, and was authorised and regulated from 19 September 2003 until 29 June 2015. all of which are FCA regulated as Appointed Representatives of TCI Fund Management Limited, and, TCI Fund Management Limited is authorised and regulated by the Financial Conduct Authority of the United Kingdom. The payout from the Mayfair-based hedge fund, where the prime minister, Rishi Sunak, worked between 2006 and 2009, is the biggest ever collected by Hohn and believed to be the highest annual amount ever paid to one person in Britain. Big and concentrated positions. All Rights Reserved. TCI Fund Management is part of the Non-Profit & Charitable Organizations industry, and located in United Kingdom. You are limited to the prior 8 quarters of 13F filings. Investors and industry watchers have been concerned about billions of dollars that have been poured into the self-driving technology sector in a short span of time to commercialize it. According to LCH Investments' annual ranking of the 20 most successful hedge funds of all time, TCI Fund Management generated $8.4 billion of net gains last year. Subscribe to WhaleWisdom to view all filing data TCI is probably the one true place in London that can rival the best US HF shops in both comp, opportunity, etc. Tempora sed nulla dolor natus nihil laboriosam atque. 254 followers 255 connections. The previous year he was paid 200m, and accounts filed at Companies House for TCI Fund Management (UK) Limited, which is 100% owned by Hohn, show that it holds total shareholder funds of almost $2bn. Sir Chris Hohn, far right, pictured with singer Katy Perry, is one of Britains most generous philanthropists. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. One of his major philanthropic endeavors is funding efforts to alleviate the climate crisis, which he has made a central pillar of both his charity and his hedge fund. We invest in high quality companies with predictable free cash flow, TCI Fund Management Limited is authorised and regulated by the Financial Conduct Authority of the United Kingdom. Sorry, you need to login or sign up in order to vote. The TCI group also includes: TCI Advisory Services LLP (FRN 709485); TCI Real Estate Partners Limited (FRN630092); and Ave Capital Limited (FRN 709851) all of which are FCA regulated as Appointed Representatives of TCI Fund Management Limited, and TCI Fund Management (US) Inc. TCI Fund Services LLP, and I considered being a doctor and working in a caring profession, Hohn, 54, told the court. Tokyo Chemical Industry Co., Ltd. (TCI) is a leading worldwide manufacturer of specialty organic chemicals. The median salary at Alphabet in 2021 amounted to nearly $300,000, and the average salary is much higher, he said in his letter to Pichai. TCI Fund Management uses 6 technology products and services including Microsoft Outlook, Office 365, and DigiCert, according to G2 Stack. Performance numbers calculated through 2023-02-14. The Children's Investment Fund Management Inc. (TCI), which is CN's second-biggest shareholder at 5.2 per cent, said it intends to report what it calls CN's lack of disclosure to Canadian . See you on the other side! Whalewisdom has at least 75 13F filings, 33 13D filings, and 30 13G filings Their last reported 13F filing for Q4 2022 included $29,929,529,746 in managed 13F securities As well as making money and picking boardroom fights, Hohn, who was once chancellor Rishi Sunaks boss at TCI, is one of the nations biggest philanthropists. Britains highest-earning investor has called on Alphabet CEO Sundar Pichai to cut thousands more jobs than the tech giant announced it would eliminate last week. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Only includes UK, France, Germany, Japan, and HKEX are presently being processed. A spokesperson for Alphabet was not immediately available when contacted by Fortune. 300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. TCI Fund Management Holdings Heatmap . Velit excepturi recusandae quia et. They have four children, including a set of triplets. He also avoids meat, likes yoga and supports Extinction Rebellion. Stupid question, but how deep do you go in your case studies? You will be expected to handle a large number of clients while "encouraged" to work late. Hohn is also one of the UKs biggest philanthropists, and has pumped more than 4bn into his personal childrens charity. A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and "beneficial owner" TCI Fund Management Ltd., CN on Sept. 17 announced its "Full Speed Ahead - Redefining Railroading" initiative, which it describes as an "ambitious value creation plan" consisting of, for full . The fired Google engineer who thought its A.I. You must have a subscription to view WhaleScore histories. Cohen, Loeb, and Chanos, their funds and stock manipulation. While many prominent hedge fund managers have struggled over the last decade, Hohn has consistently scored good returns. In the past, he has publicly called for firms that dont make climate disclosures to be punished, and TCI has threatened to dump its stakes in companies that have no emissions-reduction strategies in place. Breaking news, analysis and commentary on investment banking, fund management, hedge funds, pensions, private equity, fintech, financial regulation and trading. From time to time, we have career opportunities available at TCI Business Capital headquarters, located in Edina, Minnesota. Activist investor TCI Fund Management said in November that Waymo is the biggest component of the Google-parent's Other Bets segment and it has not justified excessive investment, adding that losses at the unit should be stemmed. Join to view profile Report this profile Report Report. I learned very early on you cannot take money with you. 13F filing from TCI FUND MANAGEMENT LTD, enter your HF. edge fund manager Sir Chris Hohn once made a point of telling a high court judge that he was an unbelievable moneymaker. I'd say on par with the top Tiger funds and far superior to platforms. Terms & Conditions. FORTUNE may receive compensation for some links to products and services on this website. Download 13F Summary Authored by: Certified Hedge Fund Professional - Investment Analyst. Many large cap companies within the sector have announced major layoffs in recent months, including Microsoft, Amazon and Meta. TCI is fully committed to offering the best opportunity in the industry for a career in financial services with a client first focus. TCI was founded on bringing honesty and integrity to the financial services industry. Activist investor TCI Fund Management on Tuesday called on Alphabet to cut costs and take aggressive action, saying the Google parent has too many employees and should increase share. Christoper Hohn, founder of TCI Fund Management Get the latest business insights from Dun & Bradstreet. Rivian Automotive Inc , General Motors Co , Meta Platforms Inc among other U.S. companies have taken to layoffs in a bid to cut costs amid a looming recession.