Tyrus Posts First-Year Profit

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat