The hedge fund behind a controversial campaign to oust the chairman of the London Stock Exchange Group paid its billionaire founder more than $300 million in its latest financial year. The Children’s Investment Fund (TCI) paid dividends totalling $364 million during the 12 months to the end of February, most of which is understood to have gone to Sir Christopher Hohn, who runs the Mayfair-based investor. Accounts filed with Companies House showed TCI made a pre-tax profit for the period of $273 million, up from $179 million a year earlier. The filings described Sir Christopher, 51, as the fund’s “ultimate controlling party”. He is one of two named directors of the fund.

Source: The Times December 08, 2017 00:03 UTC