The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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7/03/2007
Ok, follow me here.... Chris Cooper-Hohn is a hedge fund hot-shot, known for wielding his portfolio like a flaming baseball bat at uncooperative corporate board. He's also, seemingly, a pretty good dude. Each year he donates a third of his fund's management fees to his own childrens' charity (he has a childrens' charity - see, good dude). However, and here's the catch, of the nearly half a billion dollars donated only about 10 million went back out the door as actual charity. The rest? It was reinvested in TCI, Cooper-Hohn's own investment fund... Good dude, but he doesn't miss a trick. More on Cooper-Hohn here.

--MDT

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