Wednesday, November 30, 2022

Hedge Fund Bonanza

 Hedge fund manager Sir Chris Hohn paid himself a record-breaking $690m (£574m) this year which equates to more than £1.5m a day, after his Children’s Investment (TCI) fund recorded a surge in profits.

The dividend payment from TCI Fund Management is 15,000 times the average UK salary.

The hedge fund is ultimately owned by a parent company in the Cayman Islands, a tax haven.

The fund campaigned against Dutch bank ABN Amro, which led to its sale to Royal Bank of Scotland, seen as a key reason for RBS’s near collapse during the financial crisis.

Hedge fund billionaire Sir Chris Hohn paid himself ‘£1.5m a day this year’ | Hedge funds | The Guardian

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