TCI Soars In First Half, Still Well Below HWM

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note