Britain's “Financial Times” quoted a letter to investors it saw as reporting that Christopher Horn's hedge fund TCI has invested a total of 636 million US dollars in loans to a number of ultra-luxury hotels in Italy. TCI's biggest exposure in this area was a loan of $392 million to Venice's landmark Hotel Danieli. TCI also holds a number of loan shares: a loan of $132 million to the Caesar Augustus Hotel in Capri, a loan of $74 million to Six Senses Lake Como, and a loan of $38 million to Mandarin Oriental in Milan. As of June 30, Horn's fund yielded 3.5% for the year. Its infrastructure, aerospace, payment services and technology stock portfolios remained largely unchanged.

Britain's “Financial Times” quoted a letter to investors it saw as reporting that Christopher Horn's hedge fund TCI has invested a total of 636 million US dollars in loans to a number of ultra-luxury hotels in Italy. TCI's biggest exposure in this area was a loan of $392 million to Venice's landmark Hotel Danieli. TCI also holds a number of loan shares: a loan of $132 million to the Caesar Augustus Hotel in Capri, a loan of $74 million to Six Senses Lake Como, and a loan of $38 million to Mandarin Oriental in Milan. As of June 30, Horn's fund yielded 3.5% for the year. Its infrastructure, aerospace, payment services and technology stock portfolios remained largely unchanged.