Christopher Hohn, the head of the British hedge fund Children's Investment Fund (TCI), which he owns 100%, received a record dividend of $ 479 million in 2020. He thus beats the previous record held by Denise Coates. , the founder of the British online betting site Bet365, which in 2018 pocketed £ 323 million in salaries and dividends.
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During the previous fiscal year, the boss of TCI had received $ 261 million.
But since then his performance has improved significantly and his remuneration has taken off.
Last year, the TCI fund, which benefits in particular from price differentials, benefited greatly from the turmoil in the financial markets.
He raked in a pre-tax profit of $ 695 million, up from $ 420 million a year earlier.
In a document published in the commercial register at the end of last week, Christopher Hohn, whose fund is linked to a charitable institution, The Children's Investment Fund Foundation, indicates that he has reinvested a large part of the sum he received.
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With his TCI fund, created in 2003, Christopher Hohn has forged a solid reputation as an activist investor.
The activists have a well-established method: they invite themselves to the capital of companies in order to impose their strategic views on them and boost their stock market prices in the hope of pocketing a capital gain.
Concerns that seem far removed from philanthropy.
Christopher Hohn is nevertheless one of the most important patrons of the United Kingdom.
In 2019, he donated $ 386 million to his foundation.
