Tisbury shuts down office in Boston


Tisbury Capital Management, the $2 billion London-based hedge fund group headed by Gerard Griffin, has shut down its U.S. office in Boston, a source close to the firm has confirmed.

The source confirmed that the decision was made on grounds of performance – with the U.S. business having performed poorly in recent months, while the performance of the firm’s main investment team in Europe continued to be robust. “They are returning to their roots, where they believe they have a competitive advantage,” the source said.

Tisbury set up the office with a small team led by Brian Steck in late