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While activists as a group are outpacing the broader markets, Christopher Hohn's firm and a handful of others are doing even better than that.
Christopher Hohn (Bloomberg)
Several activist fund managers remain among the top-performing hedge fund managers this year, which helps to explain the surge in fund-raising within the strategy.
Most activists have easily outperformed the Standard & Poor's 500 index, which was roughly flat for the first six months and is up 1.2 percent with dividends reinvested. Several activist managers posted double-digit gains in the first half of the year.
Christopher Hohn's The Children's Investment Fund Management (TCI) continues to lead the way. TCI's London-based fund of the same name was up about 8 percent in the second quarter alone. As a result, TCI is up 21 percent through the end of June.
Its second-quarter performance was led by Time Warner Cable, which recently agreed to be acquired by Charter Communications. The stock returned 19.4 percent in the second quarter alone.
TCI also benefited from Aurizon, the Australian rail freight company, which...