Vinci Zafferano Turns First Profit

May 12 2014 | 4:26pm ET

For the first time since its founding more than two years ago, Vinci Zafferano Capital has turned a profit.

The London-based firm, headed by former Tudor Investment Corp. executives John Macfarlane and Nigel Whittaker, earned £121,243 last year, it said in a regulatory filing. The firm, which launched its first fund late in 2012, took in £1.2 million in management fees in 2013.

The fund debuted with US$130 million in November 2012; it is unclear how much it currently manages.

During its first year-plus in existence, as it prepared to launch its maiden fund, Vinci Zafferano lost £1.7 million. Most of that went to administrative costs, which totaled £1.8 million, and which fell to £1.4 million last year, according to Financial News.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…