Hohn Breaks Citadel’s Record With $18.9 Billion Trading Profit

Chris Hohn broke the hedge fund profit record last year as rising stocks and global market volatility helped the industry rack up $543 billion worth of gains, also an all-time high.

Hohn’s equity-focused TCI Fund Management made $18.9 billion, according to estimates by finance firm Edmond de Rothschild. The gains exceeded Ken Griffin’s Citadel’s record set in 2022 and surpassed the $15 billion that John Paulson generated in 2007 on his bet against subprime mortgages, which was later described as the “greatest trade ever.”