27:
36:
1268:
1258:
1248:
1278:
955:
206:", CIFF initially received a portion of TCI's profits and other donations. CIFF focuses on improving the lives of children living in poverty in developing countries, and has grown to be one of the largest charities in the United Kingdom. After suffering a 43% loss during the 2008 calendar year, as of July 2009 the previous financial year had seen a rebound of over 70% profit and revenue for TCI.
296:
In 2008 the company was suffering from heavy losses but recovered very well and assets under management reportedly stood around $ 6 billion. At the end of 2010, the company recorded a loss of 80% in profits as a result of reduced investment performance. By 2020 the hedge fund was managing more than $
292:
won a court case against the
Children's Investment Fund and 3G Capital Partners, another hedge fund, after the funds announced that they had acquired about 20% of CSX's stock. TCI succeeded in electing four of its five directors to the CSX board, but CSX shares declined by about 50 percent after the
293:
meeting. TCI declared defeat and sold its shares, taking its directors off the board. Chris Hohn, the founder of TCI vowed to abandon shareholder activism as an investing strategy. When the case was appealed, the judge gave limited support for the original finding.
183:
Like most hedge funds, TCI requires investors to commit their capital for multi-year periods. This long-term horizon allows the fund greater flexibility when trading and investing capital independent of any potential ad hoc time constraints.
316:. On January 20, 2023, Alphabet cut 12,000 Jobs which was 6% of its workforce. On the same day, Hohn issued another letter to Pichai stating that there should be further job cuts with a target of 20%.
209:
Through changes set in motion in 2012, the fund and foundation were split up. The fund no longer donates money to the foundation on a contractual basis, though it has done so on a discretionary basis.
644:
686:
312:. In the letter, Hohn stated that Google's headcount was too high and should be reduced. He also stated that there should be more effort to reduce losses in its self-driving unit
1332:
1312:
255:, in which it had acquired a 10% stake, to boost its dividend. The general meeting of shareholders rejected the proposal, prompting a severe selloff in the stock.
1317:
648:
1251:
1327:
464:
180:
In
January 2022, TCI was named by the Guardian as the world's top-performing hedge fund. It is known as one of the most aggressive activist investors.
732:
366:
555:
1302:
239:, TCI led an attack demanding the bank split up or sell to the highest bidder to produce shareholder value. ABN was ultimately split and sold to
251:
and was a major contributing factor in the downfall of both RBS and Fortis. In June 2007, TCI failed in its attempt to get the
Japanese utility
1307:
412:
726:
587:
199:
193:
174:
1228:
1132:
177:(CIFF), set up by Chris Hohn and his ex-wife, Jamie Cooper-Hohn, and initially contributed a proportion of profits to the foundation.
711:
1322:
616:
399:
832:
774:
346:. No. Special Report Hedge Funds. United States: Pensions & Investments. Crain Communications Inc. 16 September 2019
530:
478:
162:
in 2003 which manages the
Children's Investment Master Fund. TCI makes longâterm investments in companies globally.
342:
273:
TCI initiated legal action against the
Government of India using provisions in the bilateral trade treaty between
706:
1271:
1106:
385:
202:(CIFF), a charitable foundation set up by Chris Hohn and his ex-wife, Jamie Cooper-Hohn. In an example of "
669:
1094:
166:
805:
701:
742:
716:
504:
1233:
1177:
896:
823:
767:
721:
1070:
940:
670:"Chris Hohn â Childrens Investment Fund â 2020 13F Holdings, Performance, and AUM â Insider Monkey"
1172:
1080:
1075:
1039:
936:
900:
228:
where it forced the resignation of the CEO after he refused to abandon his plan to take over the
115:
1182:
979:
852:
828:
813:
240:
26:
1207:
865:
837:
818:
229:
645:"Christopher Hohn wants Alphabet to lay off 20% of its staff and cut employee pay | Fortune"
341:
1261:
1112:
1024:
860:
842:
760:
259:
218:
203:
120:
35:
8:
1281:
1187:
1167:
994:
969:
727:
The
Independent: Financier in record ÂŁ230m donation to charity by Arifa Akbar July 3 2007
702:
Financial Times: Feared fund turns to business of charity By James
Mackintosh July 2 2007
324:
The fund won
Eurohedge's European Hedge Fund of the Year award in 2004, 2005, and 2013.
1192:
1137:
1049:
282:
915:
891:
875:
225:
1084:
1019:
267:
244:
712:
Spectator: The real driving force in the battle for ABN by
Matthew Lynn May 9 2007
1223:
1127:
1117:
1098:
1065:
989:
984:
920:
905:
289:
248:
52:
41:
165:
The management company is authorized and regulated in the United
Kingdom by the
1122:
1102:
870:
733:"What's in a name? The Children's Investment Fund Management" (password access)
274:
222:
170:
107:
1296:
1197:
1162:
1088:
305:
301:
297:
30 billion. It recorded a 41% gain in 2019 after gaining just 0.9% in 2018.
1202:
1157:
1044:
1029:
910:
437:
1034:
974:
707:
Management Today: The new new philanthropists by Ian Wylie October 1 2007
783:
465:"TCI starts legal action against Indian govt under UK, Cyprus treaties"
159:
155:
90:
62:
588:"Activist Investor TCI Calls on Google Parent Alphabet to Slash Costs"
300:
In November 2022, Chris Hohn on behalf of TCI wrote an open letter to
800:
954:
367:"Extinction Rebellion donor leads world's top-performing hedge fund"
334:
236:
169:. Its holding company is TCI Fund Management Limited, based in the
263:
252:
556:"Billionaire Hohn's TCI Fund Surges 41% in Best Year Since 2013"
617:"Investor TCI urges Alphabet to cut excessive headcount, costs"
309:
101:
752:
235:
In 2007, after acquiring 1% of the shares of major Dutch bank
313:
278:
687:
TCI, Jabre, Toscafund, VR lead EuroHedge Awards 2013 winners
173:. TCI derives its name from a charitable foundation called
134:
343:"The largest managers of hedge funds (P&I Sep 2019)"
400:"TCI Hedge Fund in Britain Ends Ties to Charitable Arm"
1333:
Investment management companies of the United Kingdom
438:"TCI Fund Management Ltd â 13F Holdings â Fintel.io"
426:
NRC Handelsblad (Dutch Newspaper), February 22, 2007
221:. TCI has been a major shareholder of the German
1313:Financial services companies established in 2003
1294:
722:The Economist: Leader of the swarm July 12 2007
266:, TCI supported Mittal Steel in the company's
768:
1318:Financial services companies based in London
1252:Alternative investment management companies
1229:Standards Board for Alternative Investments
479:"Anticlimax in long-running CSX court case"
462:
1277:
1133:Taxation of private equity and hedge funds
775:
761:
34:
25:
1328:2003 establishments in the United Kingdom
383:
200:the Children's Investment Fund Foundation
194:The Children's Investment Fund Foundation
175:the Children's Investment Fund Foundation
148:The Children's Investment Fund Management
20:The Children's Investment Fund Management
717:Financial News: Financial News 100, 2007
281:regarding the under pricing of coal by
16:London-based hedge fund management firm
1303:Hedge fund firms in the United Kingdom
1295:
585:
1308:British companies established in 2003
833:fixed-income relative-value investing
756:
639:
637:
611:
609:
607:
581:
579:
577:
364:
217:TCI has a reputation for aggressive
212:
13:
695:
634:
604:
586:Kruppa, Miles (15 November 2022).
574:
258:In 2006, as a shareholder of both
14:
1344:
435:
365:Neate, Rupert (17 January 2022).
285:, in which TCI holds a 1% stake.
1276:
1267:
1266:
1257:
1256:
1247:
1246:
953:
288:In 2008 the US railroad company
782:
743:"Hedge Fund Dumps Stake in CSX"
680:
662:
548:
523:
505:"Hedge fund dumps stake in CSX"
497:
416:âA Little Fund With Big Demands
1323:2003 establishments in England
471:
456:
429:
420:
406:
392:
386:"TCI sees big rebound in 2009"
377:
358:
1:
463:BS Reporter (29 March 2012).
327:
1107:security characteristic line
647:. 2023-01-23. Archived from
7:
1095:Capital asset pricing model
814:Capital structure arbitrage
531:"TCI sees profits fall 80%"
167:Financial Conduct Authority
158:management firm founded by
74:; 21 years ago
10:
1349:
897:Commodity trading advisors
268:unsolicited takeover offer
198:TCI derives its name from
191:
187:
1242:
1234:Managed Funds Association
1216:
1178:High-net-worth individual
1150:
1058:
1012:
1003:
962:
951:
929:
884:
851:
799:
790:
749:Dealbook, April 28, 2009.
384:Opalesque (3 July 2009).
319:
129:
114:
96:
86:
68:
58:
48:
33:
24:
1071:Arbitrage pricing theory
1183:Institutional investors
1076:Assets under management
901:managed futures account
436:Staff, Correspondence.
1208:Sovereign wealth funds
980:High-frequency trading
829:Fixed income arbitrage
241:Royal Bank of Scotland
1050:Structured securities
866:Distressed securities
838:Statistical arbitrage
824:Equity market neutral
819:Convertible arbitrage
674:www.insidermonkey.com
230:London Stock Exchange
125:(as of June 30, 2022)
1168:Financial endowments
1113:Fundamental analysis
861:Shareholder activism
843:Volatility arbitrage
739:, 28 September 2011.
260:Mittal Steel Company
219:shareholder activism
204:venture philanthropy
1282:List of hedge funds
1272:Hedge fund managers
1188:Insurance companies
1173:Fund of hedge funds
1081:BlackâScholes model
995:Proprietary trading
970:Algorithmic trading
937:Fund of hedge funds
731:Wainewright, Will,
592:Wall Street Journal
21:
1138:Technical analysis
535:efinancialnews.com
283:Coal India Limited
40:Headquarters at 7
19:
1290:
1289:
1146:
1145:
949:
948:
916:Long/short equity
892:Convergence trade
876:Special situation
213:Investor activism
145:
144:
123:36.2 billion
1340:
1280:
1279:
1270:
1269:
1260:
1259:
1250:
1249:
1193:Investment banks
1040:Foreign exchange
1010:
1009:
957:
797:
796:
777:
770:
763:
754:
753:
689:
684:
678:
677:
666:
660:
659:
657:
656:
641:
632:
631:
629:
628:
613:
602:
601:
599:
598:
583:
572:
571:
569:
567:
562:. 8 January 2020
552:
546:
545:
543:
541:
527:
521:
520:
518:
516:
501:
495:
494:
492:
490:
475:
469:
468:
460:
454:
453:
451:
449:
433:
427:
424:
418:
410:
404:
403:
396:
390:
389:
381:
375:
374:
362:
356:
355:
353:
351:
345:
338:
141:
138:
136:
82:
80:
75:
38:
29:
22:
18:
1348:
1347:
1343:
1342:
1341:
1339:
1338:
1337:
1293:
1292:
1291:
1286:
1238:
1224:Fund governance
1212:
1142:
1066:Absolute return
1054:
1005:
999:
990:Program trading
985:Prime brokerage
958:
945:
925:
921:Trend following
906:Dedicated short
880:
847:
804:
792:
786:
781:
698:
696:Further reading
693:
692:
685:
681:
668:
667:
663:
654:
652:
643:
642:
635:
626:
624:
615:
614:
605:
596:
594:
584:
575:
565:
563:
554:
553:
549:
539:
537:
529:
528:
524:
514:
512:
511:. 28 April 2009
503:
502:
498:
488:
486:
477:
476:
472:
461:
457:
447:
445:
434:
430:
425:
421:
411:
407:
402:. 18 June 2014.
398:
397:
393:
382:
378:
363:
359:
349:
347:
340:
339:
335:
330:
322:
249:Banco Santander
215:
196:
190:
154:) is a British
133:
124:
110:
104:
78:
76:
73:
44:
42:Clifford Street
17:
12:
11:
5:
1346:
1336:
1335:
1330:
1325:
1320:
1315:
1310:
1305:
1288:
1287:
1285:
1284:
1274:
1264:
1254:
1243:
1240:
1239:
1237:
1236:
1231:
1226:
1220:
1218:
1214:
1213:
1211:
1210:
1205:
1200:
1198:Merchant banks
1195:
1190:
1185:
1180:
1175:
1170:
1165:
1163:Family offices
1160:
1154:
1152:
1148:
1147:
1144:
1143:
1141:
1140:
1135:
1130:
1125:
1123:Securitization
1120:
1115:
1110:
1092:
1078:
1073:
1068:
1062:
1060:
1056:
1055:
1053:
1052:
1047:
1042:
1037:
1032:
1027:
1022:
1016:
1014:
1007:
1001:
1000:
998:
997:
992:
987:
982:
977:
972:
966:
964:
960:
959:
952:
950:
947:
946:
944:
943:
933:
931:
927:
926:
924:
923:
918:
913:
908:
903:
894:
888:
886:
882:
881:
879:
878:
873:
871:Risk arbitrage
868:
863:
857:
855:
849:
848:
846:
845:
840:
835:
826:
821:
816:
810:
808:
806:relative value
794:
788:
787:
780:
779:
772:
765:
757:
751:
750:
740:
729:
724:
719:
714:
709:
704:
697:
694:
691:
690:
679:
661:
633:
603:
573:
547:
522:
509:New York Times
496:
485:. 19 July 2011
483:New York Times
470:
455:
428:
419:
405:
391:
376:
357:
332:
331:
329:
326:
321:
318:
275:United Kingdom
226:Deutsche Börse
223:stock exchange
214:
211:
192:Main article:
189:
186:
171:Cayman Islands
143:
142:
131:
127:
126:
118:
112:
111:
108:United Kingdom
106:
100:
98:
94:
93:
88:
84:
83:
70:
66:
65:
60:
56:
55:
50:
46:
45:
39:
31:
30:
15:
9:
6:
4:
3:
2:
1345:
1334:
1331:
1329:
1326:
1324:
1321:
1319:
1316:
1314:
1311:
1309:
1306:
1304:
1301:
1300:
1298:
1283:
1275:
1273:
1265:
1263:
1255:
1253:
1245:
1244:
1241:
1235:
1232:
1230:
1227:
1225:
1222:
1221:
1219:
1215:
1209:
1206:
1204:
1203:Pension funds
1201:
1199:
1196:
1194:
1191:
1189:
1186:
1184:
1181:
1179:
1176:
1174:
1171:
1169:
1166:
1164:
1161:
1159:
1158:Vulture funds
1156:
1155:
1153:
1149:
1139:
1136:
1134:
1131:
1129:
1126:
1124:
1121:
1119:
1116:
1114:
1111:
1108:
1104:
1100:
1096:
1093:
1090:
1089:delta neutral
1086:
1082:
1079:
1077:
1074:
1072:
1069:
1067:
1064:
1063:
1061:
1057:
1051:
1048:
1046:
1045:Money markets
1043:
1041:
1038:
1036:
1033:
1031:
1028:
1026:
1023:
1021:
1018:
1017:
1015:
1011:
1008:
1002:
996:
993:
991:
988:
986:
983:
981:
978:
976:
973:
971:
968:
967:
965:
961:
956:
942:
941:Multi-manager
938:
935:
934:
932:
928:
922:
919:
917:
914:
912:
909:
907:
904:
902:
898:
895:
893:
890:
889:
887:
883:
877:
874:
872:
869:
867:
864:
862:
859:
858:
856:
854:
850:
844:
841:
839:
836:
834:
830:
827:
825:
822:
820:
817:
815:
812:
811:
809:
807:
802:
798:
795:
789:
785:
778:
773:
771:
766:
764:
759:
758:
755:
748:
744:
741:
738:
734:
730:
728:
725:
723:
720:
718:
715:
713:
710:
708:
705:
703:
700:
699:
688:
683:
675:
671:
665:
651:on 2023-01-23
650:
646:
640:
638:
622:
618:
612:
610:
608:
593:
589:
582:
580:
578:
561:
557:
551:
536:
532:
526:
510:
506:
500:
484:
480:
474:
466:
459:
443:
439:
432:
423:
417:
415:
409:
401:
395:
387:
380:
372:
368:
361:
344:
337:
333:
325:
317:
315:
311:
307:
303:
302:Sundar Pichai
298:
294:
291:
286:
284:
280:
276:
271:
270:for Arcelor.
269:
265:
261:
256:
254:
250:
246:
242:
238:
233:
231:
227:
224:
220:
210:
207:
205:
201:
195:
185:
181:
178:
176:
172:
168:
163:
161:
157:
153:
149:
140:
132:
128:
122:
119:
117:
113:
109:
103:
99:
95:
92:
89:
85:
71:
67:
64:
61:
57:
54:
51:
47:
43:
37:
32:
28:
23:
1035:Fixed income
911:Global macro
853:Event-driven
746:
736:
682:
673:
664:
653:. Retrieved
649:the original
625:. Retrieved
623:. 2022-11-15
620:
595:. Retrieved
591:
564:. Retrieved
559:
550:
538:. Retrieved
534:
525:
513:. Retrieved
508:
499:
487:. Retrieved
482:
473:
458:
446:. Retrieved
441:
431:
422:
414:Businessweek
413:
408:
394:
379:
371:The Guardian
370:
360:
348:. Retrieved
336:
323:
299:
295:
287:
272:
257:
234:
216:
208:
197:
182:
179:
164:
151:
147:
146:
97:Headquarters
49:Company type
1262:Hedge funds
1025:Derivatives
1020:Commodities
975:Day trading
885:Directional
784:Hedge funds
745:, New York
566:16 February
540:6 September
515:16 February
489:16 February
1297:Categories
1217:Governance
791:Investment
655:2023-01-24
627:2022-11-26
597:2022-11-26
350:15 October
328:References
160:Chris Hohn
156:hedge fund
91:Chris Hohn
63:Hedge fund
1151:Investors
801:Arbitrage
560:Bloomberg
442:fintel.io
304:, CEO of
793:strategy
737:HFM Week
448:12 April
444:. FinTel
306:Alphabet
237:ABN AMRO
137:.tcifund
59:Industry
1013:Markets
1004:Related
963:Trading
621:Reuters
264:Arcelor
253:J-Power
243:(RBS),
188:Charity
130:Website
87:Founder
77: (
69:Founded
53:Private
1085:Greeks
1030:Equity
320:Awards
310:Google
247:, and
245:Fortis
102:London
1128:Short
1118:Hedge
1099:alpha
1006:terms
930:Other
747:Times
314:Waymo
279:India
1103:beta
1059:Misc
568:2020
542:2012
517:2020
491:2020
450:2020
352:2019
308:and
277:and
262:and
139:.com
121:US$
79:2003
72:2003
290:CSX
152:TCI
135:www
116:AUM
1299::
1105:/
1101:/
1087::
939:/
899:/
831:/
735:,
672:.
636:^
619:.
606:^
590:.
576:^
558:.
533:.
507:.
481:.
440:.
369:.
232:.
105:,
1109:)
1097:(
1091:)
1083:(
803:/
776:e
769:t
762:v
676:.
658:.
630:.
600:.
570:.
544:.
519:.
493:.
467:.
452:.
388:.
373:.
354:.
150:(
81:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
