Hedge fund tycoon Sir Chris Hohn reduced his income by more than a fifth last year but still took home £215 million during a bumper period for his mandate, the Children’s Investment Fund.
The disclosure was reported in TCI’s accounts for the 12 months to the end of February, showing profit up 30% to £278 million on revenues 9% higher at £375 million.
Hohn, a renowned philanthropist estimated to have given around £1 billion to charity through his Children’s Investment Fund Foundation and who was knighted four years ago, had banked £270 million in the prior year.
Hohn was ranked sixth on Institutional Investor magazine’s hedge fund rich list last year with a total increase in wealth of circa £608 million, leapfrogging from 11th highest placed in the previous year. His fund TCI is believed to manage around £14 billion in assets.
The mandate runs a high conviction basket of activist equity holdings, and has conducted high-profile spats with the management of the London Stock Exchange, among others.
Following one particularly bruising encounter over Deutsche Borse’s attempt to buy the LSE he was among a series of investors memorably described as a ‘locust’ by a frustrated German regulator.