Childrens Investment Fund Management (UK) LLP Profile
Children’s Investment Fund Management (UK) LLP is a hedge fund sponsor based out of London. The management firm was established in 2003 by Chris Hohn, who is still with the company today acting as its CEO. Children’s Investment Fund Management (UK) was specifically created to manage The Children’s Investment Master Fund. The company invests in the public equity and hedging markets on a global scale, utilizing a long term horizon to make its investments. While the firm was originally established as a venture philanthropy organization with The Children’s Investment Fund Foundation receiving a portion of TCI’s profits and donations, Children’s Investment Fund Management (UK) has split off from the foundation and no longer donates money to The Children’s Investment Fund Foundation on a contractual basis (although it may continue to do so based on discretion). The company conducts deep fundamental research and takes a private equity investment approach to public markets, creating value by “constructive engagement with management.” At the same time, Children’s Investment Fund Management (UK) will also “invest opportunistically in dislocations, corporate transformations and special situations.” The company invests most heavily in the consumer discretionary sector, which alone makes up over three quarters of its total asset allocations, and also invests in the finance, and information technology sectors, among others to a lesser degree, in order of decreasing allocation. Children’s Investment Fund Management (UK), on average, keeps its holdings for 4.7 quarters and has had a turnover rate of approximately 12.5% in the most recent quarter. The company’s top holding alone in Time Warner Cable Inc. makes up over 60% of its total holdings and the company’s next top holding in Comcast Corp makes up another 22% of its allocations. The Children’s Investment Fund Management (UK)’s top 10 holdings together make up the entirety of its asset allocations.