Sir Christopher Anthony Hohn KCMG (born October 1966) is an English investor, hedge fund manager. In 2003 Hohn established The Children’s Investment Fund Management (TCI) a prominent value-based investment fund manager noted for long-term, owner orientated engagement with publicly listed companies. Profits generated by the fund were proportionatly allocated to The Children’s Investment Fund Foundation a registered charity in England and Wales that focuses on improving the lives of children living in poverty in developing countries. In the five years from 2006 until 2011, Hohn gave away almost £1 billion. He is known as an activist investor.
Early life
Christopher Anthony Hohn was born in October 1966 in Addlestone, Surrey. His father Paul was a Jamaican-born car mechanic of European descent who moved to Britain in 1960, and his mother was a legal secretary from East Sussex. After gaining 13 O Levels, he attended the University of Southampton which he graduated from in 1988 with a first-class honours in accounting and business economics. Whilst at Southampton, a tutor advised him to apply for Harvard Business School, where he completed the Master of Business Administration course. He graduated in 1993 as a Baker Scholar, meaning he was among the top 5 per cent of all graduates.
Career
After graduating, Hohn worked for the private equity group Apax Partners. In 1996 he went to work for Perry Capital, a hedge fund on Wall Street. In 1998 he was made head of Perry’s London operations. In his time with Perry, he earned an estimated £75m.
In 2003, Hohn set up his own hedge fund, The Children’s Investment Fund. TCI donated regularly to a connected charitable fund, The Children’s Investment Fund Foundation, run by his wife. The original formula involved transfers of 0.5 percent of the fund’s assets each year, with a further 0.5 per cent of assets for every year during which the fund achieved returns of more than 11 per cent. It is reported that Hohn established the formulaic charitable link in order to motivate himself. More recently, in March 2013, TCI announced that it would stop donating to the foundation because it is “large enough.”
In 2016, Forbes listed Chris Hohn as one of the 25 Highest-Earning hedge fund managers in 2015. His 2015 total earnings of $250 millions ranks him the 12th among the 25 top earning hedge fund managers.
Hohn was appointed Knight Commander of the Order of St Michael and St George (KCMG) in the 2014 Birthday Honours for services to philanthropy and international development.
| Sir Chris Hohn | |
|---|---|
| Born | Christopher Anthony Hohn October 1966 (age 50) Addlestone, Surrey, England |
| Alma mater | University of Southampton Harvard University |
| Occupation | Investor, hedge fund manager, and philanthropist |
| Known for | Founding and managing The Children’s Investment Fund Management |
| Net worth | US$1.72 billion (November 2016) |
| Title | Sir |
| Spouse(s) | Jamie Cooper (divorced) |
| Children | 4 |
Source:wikipedia