Reuters.uk – The Children’s Investment Fund (TCI), which helped wreck Deutsche Boerse’s plan to buy the London Stock Exchange, has taken top honours in the European hedge fund industry for the secondyear running.
TCI won trade publication EuroHedge’s 2005 Fund of the Year Award in London on Thursday.
Set up by Christopher Hohn, the Children’s fund, with more than $5 billion (2.8 billion pounds) under management, returned more than 50 percent in 2005, its second year of trading, compared with more than 40 percent in 2004.
“It’s a phenomenal achievement … There is a lot of competition in the industry,” an industry source said.
