June 28, 2006

British Hedge Fund TCI is the Largest Donor in the UK

The Children's Investment Fund (TCI), a leading hedge fund is the largest donor in the country. It has undertaken charity work to tackle child poverty in the developing world. TCI gave £50.4 million to its charitable arm in 2005. The hedge fund hands over up to 1% of its assets towards charitable purpose. The hedge fund was founded by Chris Honn, a 39-year old graduate of Southampton University. The market experts believe that TCI has £3.8 billion of funds under its management. TCI also works with children who have been orphaned by AIDS in developing countries such as Kenya, Uganda, Malawi, Ethiopia and India.

According to BBC News -

TCI's main challenger for the title of the UK's most generous philanthropist is Sir Tom Hunter, the retail entrepreneur, who is said to have invested £100m in charitable causes over the past decade.

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June 28, 2006 in Emerging Markets | Permalink




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