TCI Soars In First Half, Still Well Below HWM

Nov 7 2011 | 2:32pm 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.


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With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.