Fund launches & closures

Ex-Deephaven star Chedraoui primes big Tyrus event launch

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Award-winning former Deephaven event-driven manager Tony Chedraoui is poised to launch his own Tyrus Capital operation, in what looks likely to be one of the largest new Europe-based hedge fund launches this year.


Tony Chedraoui


Investor sources say Tyrus is on target to raise at least $500 million for the launch of its global event fund, which will pursue an identical strategy to that which Lebanese-born Chedraoui and his team ran for nearly two years at Deephaven.

Launched in June 2007, Chedraoui's $500 million European Event Fund generated an annualised return of more than 25% from inception