Performance and management fees at The Children's Investment Fund Management, the UK hedge fund known for agitating a bid battle at ABN Amro, trebled to almost £242m (€358m) last year, on the back of surging assets and investments.

TCI's turnover, which comprises management fees and performance fees, trebled year-on-year from £67m (€99m) to £241.8m in the 12 months to the end of August 2006, according to the hedge fund's accounts published at Companies House.