TCI Fund Management saw a 15 percent gain in 2024. However, the hedge fund headed by Chris Hohn significantly underperformed the S&P 500, which surged 25 percent, including dividends.
For perspective, in a chart seen by Institutional Investor and contained in the firm’s fourth-quarter letter, TCI emphasizes that the S&P 500, excluding the eighth-largest technology, media, and telecommunications stock, was up just 13 percent last year.
TCI,
