Launches & Closures

Ex-Deephaven man Chedraoui's Tyrus Capital fund closes as assets hit $1.6bn


Former Deephaven event-driven manager Tony Chedraoui has hard-closed his new Tyrus Capital global event fund after raising assets of $1.6 billion in by far the largest and most successful new hedge fund launch of 2009.

Tony Chedraoui

Having officially launched on 1 November with initial assets of over $800 million, Tyrus is believed to have had additional inflows since day one of a further $800 million in December and January.

The new Tyrus Capital operation pursues an identical strategy to that which Chedraoui and his team ran for nearly two years at Deephaven. Launched in June 2007,