Thursday, 29 January 2015
Last updated 7 hours ago
Nov 7 2011 | 1:32pm ET
The Children's Investment Fund Management went a long way towards reaching its high-water mark in the first half, but has even longer to go to get to that break-even point.
The London-based activist returned 16.53% in the first half, Morningstar data shows. It's unclear how TCI did during the market doldrums of the third quarter, which cost many hedge funds dearly, but its first-half performance was better than three-times higher than the average stock fund.
Now, the bad news: TCI is still at least 22.27% below its high-water mark.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…