Monday, 4 May 2015
Last updated 2 days 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…