Hedge Fund Boss Pays Himself £200m Despite Fund’s Profits Falling (The Guardian)
The billionaire hedge fund manager Sir Chris Hohn paid himself £200m last year, slightly more than his Children’s Investment (TCI) fund made in profit. Hohn, the son of a Jamaican car mechanic who emigrated to Britain in the 1960s, collected $261m (£200m) in dividend payments in 2018 from the activist hedge fund he set up in 2003, according to filings at Companies House on Wednesday. Hohn is the sole shareholder.
The billionaire hedge fund manager Sir Chris Hohn paid himself £200m last year, slightly more than his Children’s Investment (TCI) fund made in profit. Hohn, the son of a Jamaican car mechanic who emigrated to Britain in the 1960s, collected $261m (£200m) in dividend payments in 2018 from the activist hedge fund he set up in 2003, according to filings at Companies House on Wednesday. Hohn is the sole shareholder.