TCI Foundation Gives US$787M To Child Hunger Effort

Jun 10 2013 | 9:29am ET

If anyone was skeptical of The Children's Investment Fund's claim that its namesake charity had all the money it needed, that charity moved this weekend to ease any fears.

The Children's Investment Fund Foundation committed US$787 million to deal with children's malnutrition at a global summit in London Saturday. The gift accounted for nearly one-fifth of the US$4.1 billion raised during the Nutrition for Growth event, hosted by British Prime Minister David Cameron.

"Our approach to segmenting deaths by disease—AIDS, malaria, diarrhea, pneumonia—means that we have missed perhaps the most critical factor in preventing death, mordibity and disability," TCI Foundation chief Jamie Cooper-Hohn, the wife of TCI founder Christopher Hohn, said. "Under-nutrition is the underlying cause of almost half of global child deaths and one-third of maternal mortality."

"Today marks the start of a sustained financial and political commitment to ending under-nutrition within a generation," she added.

The TCI Foundation gift is thought to be the largest-ever single gift by a private organization to end child hunger.

TCI in March said it would end its practice of donating a portion of its fees to the foundation, calling it "large enough." The TCI Foundation had more than £2 billion in assets as of August 2011.


In Depth

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.