Search all jobs Business news in brief Rain, terror and smoking ban cause a wobble Coming to a small screen near you: new films that bypass the cinema Dollar sinks to 26-year low while the hot money pours into sterling Charity cash recycled by hedge fund philanthropist Downloads fail to stem fall in global music sales Forget Tesco: the bigger threat to small shops may be Waitrose Mr Kipling and Hovis owner to shut 6 factories The vast majority of the 230m donations made by hedge fund activist Chris Cooper-Hohn to his children's charity have been reinvested in his hedge fund, the Children's Investment Fund (TCI). Accounts for the Children's Investment Fund Foundation, Mr Cooper-Hohn's charity focused on helping children in developing countries, reveal that it made grants of 5.1m in the year to August 2006.
Mr Cooper-Hohn has a reputation as an aggressive investor using TCI's investments to put pressure on boards. He is credited with blocking Deutsche B rse's bid for the London Stock Exchange and sparking the bid battle for ABN Amro.
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