Canosa Earns £3.9M In First Two Years

Jul 31 2014 | 11:39am ET

The hedge fund founded by Rubicon Fund Managements’ former investment chiefs has turned a nearly £4 million profit.

Canosa Capital, which debuted in late 2012, posted a £3.9 million profit from then until November, it said in a regulatory filing. Revenue totaled £5.4 million.

Earlier this year, Canosa reached US$1 billion in assets under management, just a year after launching its maiden fund with US$300 million from Brummer & Partners. The fund returned 7.86% over its first 13 months.


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Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.