Chris Hohn beats hedge fund rivals with record-breaking $19bn profit

Chris Hohn beats hedge fund rivals with record-breaking $19bn profit

Financial Times general

Key Points:

  • Sir Christopher Hohn’s hedge fund, TCI, achieved the largest annual gain ever recorded by a hedge fund in 2025, making $18.9 billion for investors with a 27% return after fees.
  • TCI’s success was driven by multibillion-dollar bets on defense and aerospace companies such as Airbus, Safran, and GE Aerospace, focusing on firms with strong competitive advantages and natural monopolies.
  • Since its founding in 2003, TCI has generated $68.4 billion in cumulative gains for investors, ranking it the fifth most-profitable hedge fund in history despite being younger than many rivals.
  • Although TCI’s 2025 gains surpassed Citadel’s previous record of $16 billion