|Tyrus Capital, a new hedge fund manager founded by Tony Chedraoui, has exceeded expectations by raising over $800 million in assets from investors. Initial investor subscription ended last Friday and the fund stands to raise an additional $300 million this month, according to an article from the Financial Times. |
Many of Tyrus Capital’s investors are individual clients familiar with Mr. Chedraoui’s previous work at Deephaven Capital Management, where he was the head of global event-driven investments. Prior to Deephaven, he was a director of mergers and acquisitions at Lehman Brothers. Tyrus Capital employs specific event-driven strategies and invests in securities impacted by corporate events like mergers, changes in management, and other company announcements.