Monday, July 02, 2007

Chris Hohn: TCI chief donates £230m to his charity

Chris Hohn gave £230m ($460m) to his charitable foundation last year, making the activist hedge fund manager one of Britain’s most generous philanthropists, with even more expected to be given this year.

Mr Hohn, founder of The Children’s Investment Fund, told investors in New York two weeks ago that the foundation – run by his wife Jamie Cooper-Hohn – had passed $1bn, less than five years after it was set up.

The Children’s Investment Fund Foundation is understood to be worth about $1.4bn. CIFF finances projects for children in the developing world, with a focus on HIV.

The size of the donations is a result of the phenomenal returns Mr Hohn has generated for investors in TCI, which has more than $10bn under management. Last year he made more than 40 per cent, while in 2005 TCI returned more than 50
per cent.

Full Article

Source: Thanks, Whitney Tilson

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