Thursday, 21 August 2014
Last updated 4 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note