Chris Hohn’s TCI Posts 2018 Gain — Just Barely

The long-only global activist, which took a big hit in December, heavily benefitted last year from its big bet on Fox.

Christopher Hohn, TCI Fund Management (Andreas Scholz/Bloomberg News)

Christopher Hohn, TCI Fund Management

(Andreas Scholz/Bloomberg News)

Last year was something of a moral victory for TCI Fund Management’s Chris Hohn.

Sure, the London-based activist hedge fund manager lost 7 percent in December amid the global stock market’s fierce selloff that month, according to an investor. That’s not too surprising, given that Hohn essentially runs a concentrated long-only portfolio.

Yet

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