Tuesday, 4 August 2015
Last updated 9 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…