Daily Telegraph- The founder of a highly successful City hedge fund has emerged as Britain’s most generous philanthropist.
Chris Hohn, who established the Children’s Investment Fund more than five years ago, donated £230 million to the hedge fund’s charitable arm last year.
The charity connected to the fund, the Children’s Investment Fund Foundation, works to alleviate child poverty in the developing world.
It is run by Mr Hohn’s wife, Jamie, who has adopted the “venture philanthropy” model, pioneered by Robin Hood charity in New York, which was set up by the fund manager Paul Tudor Jones.
Mrs Hohn, who does not take a salary, said: “I was very eager that if we did this we would do it very much in the way Chris invests, making long-term, well-researched investments, bringing business rigour and a private sector approach into development.”
