Wednesday, 22 October 2014
Last updated 12 hours ago
Jan 19 2011 | 4:57am ET
Year one was a good one for Tony Chedraoui and his colleagues at Tyrus Capital. The hedge fund, Europe’s largest start-up in 2009, turned a nice profit in its first fiscal year.
From April 8, 2009, through March 31 of last year, the firm earned £4.4 million, according to a regulatory filing. That money was split between Chedraoui and Tyrus’ other partners, Charles Hopkinson-Woolley, head of investor relations, Xavier Portes, Mark Madden and Tyrus Capital Services.
Tyrus, an event-driven fund, debuted with US$800 million. It closed to new investors after doubling that within a few months.
Before founding Tyrus, Chedraoui managed Deephaven Capital Management’s European event-driven fund. The fund returned 10.8% last year, Financial News reports.
Tyrus’ turnover for fiscal 2009 was £6.3 million.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...