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
Labels: charity, Chris Cooper-Hohn, hedge fund, TCI