Wednesday, 2 December 2015
Last updated 6 hours ago
Jan 8 2014 | 1:30pm ET
Noted activist hedge fund The Children's Investment Fund Management posted its best-ever year in 2013, with its flagship fund rising 47%.
The US$7.9 billion Master Fund has never done so well since its inception in 2003.
TCI's returns were fueled by its investments in the British Royal Mail, which went public last year, News Corp. and European Aeronautic Defense and Space, the parent of airplane-maker Airbus.
TCI is named for its charitable practice of donating a share of its fees to a foundation. But The Children's Investment Fund Foundation won't get its piece of the record action for last year; TCI announced in March that it would stop donating to the foundation because it is "large enough." Several months later, it emerged that TCI founder Christopher Hohn and his wife, who runs the charity, had split.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…