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.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

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

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...