Tisbury To Shutter U.S. Biz

Feb 8 2008 | 12:00am ET

British hedge fund Tisbury Capital is closing its U.S. operation due to “underperformance.”

Tisbury’s Boston office, which opened just last year, employed 12. The U.S. arm was battered by several busted event-driven trades, most notably the failed leveraged buyout of credit-card issuer Alliance Data System, The Wall Street Journal reports.

Tisbury’s European operations remain strong, the Journal adds.

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