# TCI Fund Management

TCI Fund Management is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2003
- **Assets under management:** $77.7B (Form ADV private fund GAV, mid-2026)
- **Website:** www.tcifund.com

## Regulatory record

- **Reports private funds:** No

## About

TCI Fund Management Limited is a London-based investment manager specializing in long-term, concentrated public equity investments and real estate lending. Established in June 2003 by Christopher Hohn, the firm (and its predecessor) focuses on high-quality companies with sustainable competitive advantages, employing deep fundamental research, constructive engagement with management, and a private equity-style approach with a long-term horizon. It may pursue activism when appropriate and opportunistically invests in corporate transformations and special situations. The TCI Master Fund is highly concentrated to maximize alpha (per official website). Its real estate lending business, launched in 2014, provides first mortgage and senior secured loans on high-quality assets in prime North American and European locations, often alongside The Children’s Investment Fund Foundation (CIFF) (per official website). TCI Fund Management Limited is authorized and regulated by the UK Financial Conduct Authority as a full-scope AIFM (FRN 684923) with additional MiFID permissions; the current entity was incorporated in 2014, succeeding The Children’s Investment Fund Management (UK) LLP (per firm disclosures and Companies House). The Board comprises two executive directors. As an SEC Exempt Reporting Adviser, it reports private fund gross asset values. The firm maintains offices in London and New York, with a presence in Abu Dhabi (per official contact and regulatory pages).

## People

- Christopher Anthony Hohn — Founder, Portfolio Manager and Director
- Angus Derrick Murray Milne — Director, Risk & Compliance / Head of Compliance
- Bronwyn Owen — Managing Director and Global Head of Investor Relations

## Questions

### What is TCI Fund Management's primary investment strategy?

TCI is a value-oriented, fundamental investor focused on high-quality global businesses with sustainable competitive advantages. It uses deep research, constructive engagement, a long-term horizon, and activism when appropriate, with a highly concentrated Master Fund; it also operates real estate senior lending strategies.

### What is the firm's most recently reported AUM?

Private fund gross asset value of approximately $77.7 billion as reported in the firm's SEC Form ADV filings (Exempt Reporting Adviser data as of mid-2026).

### Where is TCI Fund Management headquartered and regulated?

Headquarters at 7 Clifford Street, London W1S 2FT, United Kingdom. Authorized and regulated by the FCA (FRN 684923) as a full-scope UK AIFM; also an SEC Exempt Reporting Adviser.

### Who founded TCI and when?

Christopher Hohn established TCI Fund Management in June 2003 (predecessor LLP authorized September 2003); the current limited company was incorporated in 2014.

### Does TCI disclose detailed public AUM figures on its website?

No. The official website does not publish a current total AUM figure; the most recent primary figure is the private fund GAV from SEC Form ADV.

## Related profiles

- [The Ballast Fund](https://altss.com/profile/the-ballast-fund)
- [The Contrarian Group](https://altss.com/profile/the-contrarian-group)

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Last updated: 2026-07-17T22:17:59.000Z

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