|After 10 years of contributing half of 1 percent of its fees to the Children’s Investment Fund Foundation, The Children’s Investment Fund has turned off the spigot. According to Financial Alternatives, hedge fund manager and activist investor, Chris Hohn has stopped contributing to the children’s charity he founded in 2002 with his wife Jamie Cooper-Hohn. |
According to a source within The Children’s Investment Fund, which is based in London, the decision was made because the foundation had grown large enough. The Children’s Investment Fund is one of the largest charitable organizations in the UK. The Children Investment Fund, under Chris Hohn’s management, has suffered heavy losses in three of the last four years, but its assets under management still stand at around $6 billion.