Wednesday, 28 September 2016
Last updated 13 hours ago
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.