The Children’s Investment Fund, the activist hedge fund, has suffered another setback with the resignation of John Ho, its Asia director. Chris Hohn, TCI founding partner, told investors in a letter this week, that Ho, 32, would leave the fund for personal reasons. Ho’s departure comes at a difficult time for TCI, which suffered a decline of more than 40% in the value of its global investments in 2008 and has lost three senior members already this year.
