Sisu Takes Second Loss, Tax Charge

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.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of