TCI Revenue Rises 40%

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.

 


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note