TCI Generates Record $18.9B Investor Profits

TCI Fund Management, led by Chris Hohn, delivered $18.9 billion in profits for investors in 2025, marking the largest single-year hedge fund gain. The firm returned approximately 27% after fees on roughly $77 billion in assets, driven by concentrated aerospace and defense positions amid rising geopolitical tensions. Those results helped the top 20 hedge fund managers generate about $115 billion in 2025.