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Billionaire Hohn’s Hedge Fund Suffers Record Monthly Loss of 19%

  • London-based TCI managed about $30 billion before loss
  • The firm specializes in agitating for changes at companies

Billionaire activist investor Christopher Hohn’s hedge fund suffered its steepest ever monthly decline in March as the global market turmoil hit his stock bets.

The Children’s Investment Fund lost about 19% during the month, the worst since it started in 2004, according to people with knowledge of the matter. The decline pushed the fund’s first-quarter loss to about 23%, the people said, asking not to be identified because the information is private.