Star hedge fund manager Sir Chris Hohn has taken home £57m ($85.2m) after delivering the best set of profits at his hedge fund since the start of the financial crisis.
The Daily Telegraph reports that the Children’s Investment Fund – or TCI as it is more commonly known – generated profits of £137.5m ($205.5m) in the year to February 2015, just more than double the £68.7m ($102.7m) earned in the prior year.
The upturn follows the revival in equity markets and increased volatility in commodity markets in recent years.
Last year’s profit at what is one of the world’s most successful hedge funds dwarf the returns generated in recent years, and is second only to those delivered in the year to February 2008, in the run-up to the last financial crisis.
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