TCI To Offer Fee Cut, Quarterly Liquidity After Brutal Year

Jun 24 2009 | 10:12am ET

A chastened Christopher Hohn is poised to offer investors in The Children’s Investment Fund a better deal after a disastrous year.

Under Hohn’s proposal, the famed London-based activist shop would cut its management fee from 2% to 1.5% for investors who stay with the fund after their three- or five-year lockup periods end. What’s more, those lock-ups would be cut to just six months, after which TCI plans to offer quarterly liquidity.


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    Save The Date: FINforums Annual Hedge Fund Summit

    Mar 2 2012 | 4:10am ET

    Deirdre BrennanDeirdre BrennanFINforums, the events arm of FINalternatives, is holding its Annual Hedge Fund Summit on Sept. 20, 2012 at the Sentry Centers in New York City. Don't miss out on this chance to meet and mingle with the top decision makers and investors in the alternative asset management industry. Read more…