Monday, 28 July 2014
Last updated 2 days ago
Aug 17 2011 | 12:49am ET
Distressed debt hedge fund Sisu Capital suffered its second-straight loss in its last fiscal year, one exacerbated by a six-figure adverse tax ruling.
The London-based firm posted a £272,300 pre-tax loss for the year ended March, City A.M. reports, an improvement on the previous year’s £376,3000 loss. But the loss balloons to £434,000 when a tax charge stemming from the hedge fund’s tax payments from 2006 through 2008 is figured in.
Sisu also paid its 25 staffers less last year, a total of £1.493 million, compared to £1.723 million a year earlier.
Sisu earned nearly £28 million in fiscal 2007 and 2008.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…