Wednesday, 30 July 2014
Last updated 2 min 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…