TCI Stops Giving Fee Share To Charity | FINalternatives:The Children's Investment Fund has ended the charitable practice that gave the hedge fund its name.
London-based TCI has stopped donating a portion of its fees to The Children's Investment Fund Foundation. The hedge fund has given one-third of its management fees to the charity since its debut in 2004, as well as donations of 0.5% of its assets under management in years it returned in excess of 11%. What is more, TCI founder Christopher Hohn and his wife have personally given more than �1 billion to the organization.
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