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  1. Wealth
April 1, 2009

WBull: Hohn charity to alter r’ship with hedge fund

By Spear's

London money manager Christopher Hohn’s charitable foundation is changing the way it invests in Hohn’s hedge fund, a sign of investor demand for tailored accounts as a way to limit risk following steep losses.

From Wealth Bulletin:

London money manager Christopher Hohn’s charitable foundation is changing the way it invests in Hohn’s hedge fund, a sign of investor demand for tailored accounts as a way to limit risk following steep losses.

The Children’s Investment Fund Foundation is a charitable organisation set up by Hohn and run by his wife, Jamie Cooper-Hohn. The foundation is an investor in the Children’s Investment Fund Management LLP, or TCI, the hedge-fund firm established by Hohn in 2003.

After years of stellar performance, however, Hohn’s master fund was down about 43% in 2008, according to people familiar with the matter. Now the investment committee for the charitable foundation is taking steps to protect itself against further losses.

To read the full story, visit wealth-bulletin.com
 

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