Monday, 23rd November 2009

 

2 November 2009 - Press Briefing

Chedraoui beats fundraising target for event-driven start-up

Tyrus Capital, the event-driven hedge fund poised to be unveiled on Monday by former Deephaven manager Tony Chedraoui, has raised more than $800m (€543m) from investors, according to a report in the Financial Times.

The start-up, which had set itself a fundraising target of almost $500m, is believed to be eyeing an additional $300m in subscriptions this month and could end the year with $1.4bn in client assets.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Chopard out to show it has good timing

Luxury brands that thought they were immune to the vagaries of the global economy because they marketed their wares to the wealthy, have had a rude awakening this year.

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