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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<\/iframe><\/div>\n<div id=\"article-body\">\n<p>Sir Christopher Hohn\u2019s activist hedge fund TCI has risen 21 per cent so far this year, according to two people who have seen the numbers, as bets on jet engine manufacturer GE Aerospace, Visa and Microsoft came good. <\/p>\n<p>The gains for The Children\u2019s Investment Fund, which manages just over $70bn in assets, are more than triple the returns of the US S&P 500 index, and reinforce Hohn\u2019s status as one of the world\u2019s most successful equity hedge fund managers. <\/p>\n<p>TCI has held a multibillion-dollar stake in GE Aerospace, which has soared 47 per cent this year, according to US regulatory disclosures. The company makes jet engines for commercial and military applications and was spun out of General Electric following the conglomerate\u2019s break-up last year. The fund held a $7.7bn stake as at the end of last year, and a $9.5bn position as of the end of March, according to the disclosures.<\/p>\n<p>The fund also benefited from its multibillion-dollar stake in Microsoft, a position it has held on and off for some time and which has climbed 17 per cent this year. In addition, it has profited from a position in US payments company Visa, which is up 12 per cent. <\/p>\n<p>However, stocks it has been holding such as Canadian National Railway and Alphabet, the parent company of Google, are both slightly down so far this year. <\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/f947b11d-c869-40dd-a2ce-4177e3b81a1b\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…\n","protected":false},"author":5,"featured_media":33082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-33081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33081"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/33082"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/iframe><\/div>\n<div id=\"article-body\">\n<p>Sir Christopher Hohn\u2019s activist hedge fund TCI has risen 21 per cent so far this year, according to two people who have seen the numbers, as bets on jet engine manufacturer GE Aerospace, Visa and Microsoft came good. <\/p>\n<p>The gains for The Children\u2019s Investment Fund, which manages just over $70bn in assets, are more than triple the returns of the US S&P 500 index, and reinforce Hohn\u2019s status as one of the world\u2019s most successful equity hedge fund managers. <\/p>\n<p>TCI has held a multibillion-dollar stake in GE Aerospace, which has soared 47 per cent this year, according to US regulatory disclosures. The company makes jet engines for commercial and military applications and was spun out of General Electric following the conglomerate\u2019s break-up last year. The fund held a $7.7bn stake as at the end of last year, and a $9.5bn position as of the end of March, according to the disclosures.<\/p>\n<p>The fund also benefited from its multibillion-dollar stake in Microsoft, a position it has held on and off for some time and which has climbed 17 per cent this year. In addition, it has profited from a position in US payments company Visa, which is up 12 per cent. <\/p>\n<p>However, stocks it has been holding such as Canadian National Railway and Alphabet, the parent company of Google, are both slightly down so far this year. <\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/f947b11d-c869-40dd-a2ce-4177e3b81a1b\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…\n","protected":false},"author":5,"featured_media":33082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-33081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33081"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/33081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/33082"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}