62 Acquisition International - Hedge Fund Awards 2017 Tyrus Capital Best Global Event-Driven Hedge Fund (Since Inception): Tyrus Capital Event Fund & AI Best-in-Class Award for Operational Infrastructure Tyrus Capital Company: Tyrus Capital Phone: +377 9999 5030 Email:
[email protected] Web: www.tyruscap.com HF170051 Tyrus Capital is a dedicated global investment manager offering a wide range of solutions, including its award winning Tyrus Capital Event Fund. We profile the firm and this exception investment product to explore the secrets behind its success. Established in 2009, Tyrus Capital launched in London with $1.5 billion and just sixteen employees. Entering 2017 however, Tyrus Capital now boasts a strong seven-year track record and nearly 40 employees with offices located in Monaco, London and New York. With an AUM of c. $2.2billion, the Tyrus Capital Event Fund remains one of the largest equity Event-Driven funds in Europe. As CIO, Tony Chedraoui has overall responsibility for portfolio construction and places central importance on developing a return profile that is correlated to event activity, rather than to wider markets. In working to deliver attractive risk-adjusted value that has the ability to transcend variations in an increasingly volatile macro environment, the flagship Tyrus Capital Event Fund has returned +72% for investors inception-to-date.* From the outset, Tony has believed that investment into the Firm’s operational infrastructure was critical and Tyrus Capital has built a top-tier, award winning, institutional business platform which has impressed many operational due diligence experts. Mark Madden, COO and his team set out to deliver infrastructure which not only gives the investment team all the relevant capabilities that they need, but that is also robust enough to survive almost any realistic business continuity event. The team uses its intellectual capital to build proprietary systems around the traditional vendor portfolio management systems to provide automated reconciliation tools. These tools create alerts that enable the Operations team to focus on exceptions, trade breaks and operational risks in real time, while screen-based dashboards give the transparency needed to monitor every relevant aspect of the business, including the IT and operational infrastructure. Having opened a new office in New York in July 2016, Tony intends to selectively develop the investment and business teams where appropriate; whilst maintaining an exciting pace of development within state of the art IT technology given an ambition to continue setting new levels of industry excellence in this area. Moving forward, Tony remains enthusiastic about what he perceives to be a potentially rich opportunity set for an event-driven strategy. Crucially, in what have proven to be volatile markets, Tony expects a that a targeted allocation of capital within a portfolio framework that is aimed at reducing directional exposures will continue to leave the Fund best positioned to capture available opportunities over the medium term. *Tyrus Capital Event Master Fund performance data as at 31st December 2016 Viteos Best for Operational Efficiency / Shadow Accounting 2017 - USA & Award for Excellence in Bespoke Hedge Fund Solutions 2017 - USA Viteos Company: Viteos Address: 80 Cottontail Lane, Suite 430, Somerset, NJ 08873, U.S.A Phone: +1 732-356-1200 Email:
[email protected] Website: www.viteos.com HF170009 Viteos is an outsourcedshadow accounting solutions provider offering innovative BPO solutions to help clients in the ever evolving financial markets. We invited Chitra Baskar, COO to tell us more about this dynamic and innovative company. Viteos is committed to providing leading middle-office thought and practice as investment management operations become more complex. A distinct position both as a practitioner and technology provider affords Viteos an experienced perspective on the challenges in attaining scalability, efficiency and customization. Taking a different tack than other BPO and technology solutions providers, the firm is a customized blend of fund servicing activities with secure seamless STP technology for investment managers and providers. In her opening comments Chitra is keen to emphasise the firm’s dedication to providing bespoke solutions which meet the needs of each individual client. “Tailored for each manager’s specific requirements, our Best Thinking and Best Practices ensure that our solutions help managers grow. We offer customized straight-through- processing and integrate post-trade operations across virtually every asset class, currency, border, or structure you can imagine. Our service offering includes a full range of shadow-accounting, middle- and back-office professional services for investment managers. “Through our deep operational and accounting expertise backed by state of art technology we are able to provide a high degree of control via automation in a 24 hour, five days a week global delivery model. The result is a new level of scalability and flexibility to help managers grow; whether their focus is on gathering assets, developing new strategies or entering new markets.” Moving forward, Chitra believes the future is bright for Viteos, as it looks to adapt to industry trends and offer the most relevant solutions which support managers in their ever changing industry. “Looking ahead, we continue to make improvements to our offering with the addition of each new fund as its special characteristics require customize solutions each time. Access is critical for both business intelligence and investment intelligence. Thirty years ago the standard settlement was T+5, today T+1 is inevitable. For those savvy state-of-the-art managers with outsourced shadow-accounting firms supporting them, cutting a NAV can be done daily and in some cases trade reconciliations can be updated three to four times during the day. At some point in the future the T+ time frames will be compressed to as close as zero as possible driven by agility, a primary need of the modern hedge fund, and we will aim to continue to operate at the forefront of the industry and offer the most up-to- the-minute solutions to our clients.”