Launches & Closures People Moves

Ex-Deephaven man Chedraoui eyes July start for solo launch


Tony Chedraoui, manager of the high-performing $500 million Deephaven European Event Fund, is leaving the firm in the wake of its sale to Stark and plans to launch his own fund in the next few months.

Chedraoui has returned capital to investors in the fund, which has produced an annualised return of over 25% since inception in June 2007, and is taking its team of more than 10 investment and operational staff to his new venture.

Given the fund's excellent performance in a generally poor period for event-driven investing, investors look likely to back the new launch in size. Sources