Hedge Fund becomes top ten News Corp shareholder

Regulatory filings have revealed that the Children’s Investment Fund (CIF), run by British hedge fund manager Chris Hohn, has bought 53.8 million shares in News Corp in the quarter to end September.

CIF’s US$834 million (€614 million) investment in News makes the fund one of the top ten investors in the company’s Class A shares. Hohn has a history of shareholder activism.

The SEC filing also reveal that US hedge fund Eton Park Capital also invested heavily in News in recent months and held 25.9 million shares in the most recent financial quarter.

Tags: News Corp, US