Sir Christopher Hohn’s hedge fund has sold the bulk of its stake in the London Stock Exchange Group, just months after losing a public battle to oust chairman Donald Brydon and keep its former chief executive Xavier Rolet in place.

TCI Fund Management has shrunk its stake in the LSE to 1.79%, from 5.05% previously, according to a stock exchange filing on Monday. Shares in the LSE dropped 2.1% during Monday, to stand at 4,661 pence each as of 16:00 BST.