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Tyrus exceeds fundraising target

02 November 2009

Tyrus Capital, the hedge fund set to be launched on Monday by former Deephaven manager Tony Chedraoui, has raised more than $800m

Read more: Tyrus Capital Tony Chedraoui Deephaven

Tyrus Capital, the hedge fund set to be launched on Monday by former Deephaven manager Tony Chedraoui, has raised more than $800m (€543m, £487m) from investors in one of the clearest signs to date of a resurgence of confidence in the hedge fund industry.

Since the collapse of Lehman Brothers, the number of hedge fund launches has fallen far from its peak. In the...