Hedge fund honcho Chris Hohn was yesterday revealed as Royal Mail’s single biggest investor after his hedge fund took a 5.82% stake in the postal giant worth some £280m.
Hohn’s London-based hedge fund The Children’s Investment Fund (TCI) received a small proportion of shares in Royal Mail’s initial allocation. The fund reportedly then bought millions of shares from retail and institutional investors after Royal Mail’s shares soared 50%.
Hohn is known to be a keen philanthropist who has given more than £1bn to charity in five years.
Launched in 2003, his fund’s profits are given directly to children’s foundation CIFF, run by Hohn’s former wife Jamie Cooper-Hohn.
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