The foundation funded by London-based hedge fund firm The Children’s Investment Fund has donated $787 million to combat malnutrition in children.
The Telegraph reported that the donation by the Children’s Investment Fund Foundation at the Nutrition for Growth summit in London is the largest one ever made to end hunger by a private company.
The summit raised a total of $4.1 billion to end children’s under-nutrition, which “is the underlying cause of almost half of global child deaths and one third of maternal mortality,” according to CIFF head Jamie Cooper-Hohn. Cooper-Hohn is the wife of TCI fund manager, Chris Hohn.
TCI manages approximately $7 billion in assets. A portion of its profit goes toward CIFF, which is focused on improving the lives of children in developing countries.