Tuesday, 22 July 2014
Last updated 18 hours ago
Jul 1 2008 | 12:38pm ET
The Children’s Investment Fund, one of the largest and most prominent activist hedge fund shops in the world, reported a 40% rise in annual revenue.
London-based TCI said it took in £333.1 million (US$664 million) in the year ended August 2007, according to financial statements filed with Companies House in London. In the year-earlier period, TCI’s revenue was £241.8 million (US$482 million).
Profit was £321 million (US$639.9 million).
The filing did not include details about the firm’s assets under management, which are thought to have risen by about one-third to US$13 billion, or its performance.
Administrative and staff costs doubled during the fiscal year, the former rising to £11 million from £5.5 million, with staffing costs rising from £580,000 to £1.2 million. The number of administrative staff more than tripled from five to 17.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…