Ex-TCI Partner Nets US$750M For Hedge Fund That Gained 22%

Mar 18 2013 | 2:08pm ET

The hedge fund launched last year by The Children's Investment Fund veteran Stuart Powers has soft-closed with US$750 million.

London-based Hengistbury Investment Partners has doubled its assets under management since its debut. The firm's flagship hedge fund, which debuted on New Year's Day last year, soared 22% in 2012, and is up 2% this year, the Financial Times reports.

Hengistbury will now accept investment only from existing investors.

Powers was a partner and a top analyst at TCI. His former firm actually did even better than his new offering last year, rising 29.54%.

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