Hedge Fund News From HedgeCo.Net

TCI hedge fund stops payments to linked children’s charity

FN – The fund stopped making contributions to the foundation during 2012, “mainly because the foundation is large enough,” one of the people said.

Hohn set up his firm a decade ago so that it would automatically donate to the charity the profits he might have taken for himself every year: it amounted to about a third of its 1.5% management fee, plus a further 0.5% of assets under management in any year when the fund made a return to investors of more than 11%.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply