The Children's Investment Fund Co-Founder Snehal Amin Quits
The Children’s Investment Fund is down to just one founding partner. Snehal Amin, one of five partners who co-founded the activist hedge fund shop in 2004 alongside TCI chief Christopher Hohn, has left the London firm.
Amin, who was TCI’s pointman in the hedge fund’s highly-publicized battle with U.S. railroad CSX Corp., had been the last of the founders still working with Hohn at the firm. The American plans to return to the U.S., where he hopes to set up his own hedge fund sometime next year, the Financial Times reports.
Amin’s departure is the second of a TCI founding partner this year. Patrick Degorce retired from the firm as the beginning of the year due to illness. And it is another blow for the prominent firm, which saw its funds suffer their worst-ever year in 2008, losing more than 40% of their value.