Sunday, 24 July 2016
Last updated 1 day ago
May 4 2010 | 4:19am ET
The Children’s Investment Fund is down to just one founding partner. Theleme Partners can now boast two.
Snehal Amin, who left TCI last March, has joined Theleme, the new firm established by fellow TCI founding partner Patrick Degorce last year, Financial News reports. Degorce retired from the London-based activist hedge fund, headed by Christopher Hohn, two months before Amin.
Going back to work with Degorce represents a change of plans for Amin, who had planned to set up his own hedge fund. Amin, who is American, managed U.S. investments for TCI.
He is certainly not alone among TCI veterans at the new hedge fund, which soft-launched in November on Lansdowne Partners’ platform. At least four other partners of the firm worked at TCI, including Rishi Sunak, who will be based in California with Amin.
Timothy Keough, Robb LeMasters and John Sheridan, TCI alumni all, are based in London.
Theleme officially launched its eponymous equity long/short fund in January—after Degorce’s non-compete agreement expired—with US$200 million in assets.