A veteran in the hedge fund industry, Mark Kingdon is known for founding Kingdon Capital in 1983. The strategy of the company is to invest in high-growth and value stocks of all-cap stocks. Also, it relies on a long/short equity approach and invests in currency futures. In 2007, the company was listed by the Financial Times as one of the 100 to follow.
In 2007 Kingdon, with his wife Anla Cheng Kingdon (a senior partner of private equity firm Sino-Century), started a foundation. Its goal was to support the goals of the educational and art niches.
From the foundation’s latest 990 filing dated November 17th, it disclosed total revenue for the fiscal year 2024 of $34.41 million. Expenses reached $12 million, while net income was $22.30 million, followed by total net assets of $219 million.
Mark Kingdon donated $19.48 million to the foundation, while the remaining revenue came from dividends and interests from securities ($1.65 million) and capital net gains from asset sales ($12.80 million).
Regarding capital gains, about $0.9 million came from ~183.000 shares of Kingdon Capital offshore fund. The HGGC Fund investment brought $1.59 million, while Apis Offshore generated $3.31 million. Soroban Opportunities Fund was responsible for most of the capital gains with $5.54 million.
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