£230 Million Hedge Fund Donation

Filed in archive Hedgetalk on July 3, 2007

From the Telegraph: The founder of a highly successful City hedge fund has emerged as Britain's most generous philanthropist. Chris Hohn, who established the Children's Investment Fund more than five years ago, donated £230 million to the hedge fund's charitable arm last year.

The charity connected to the fund, the Children's Investment Fund Foundation, works to alleviate child poverty in the developing world.

The £230 million donation is believed to be the largest charitable donation made by a Briton in a single year, although it is dwarfed by the philanthropy of American billionaires such as Warren Buffet, who last year pledged $31 billion to the Bill & Melinda Gates Foundation.

Other notable British philanthropists include the Scottish entrepreneur Sir Tom Hunter, who donated £100 million to charity three years ago and David and Heather Stevens, the founders of the insurance company Admiral, who this year donated £100 million.