Thursday, 25 December 2014
Last updated 16 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.