Hedge Fund Tyrus Shutters London Office to Relocate to Abu Dhabi

Tony Chedraoui’s hedge fund Tyrus Capital is in the process of shutting down operations in London and relocating to Abu Dhabi.

The money manager is relocating its office to the growing Middle Eastern hub and some London based staff have been offered the chance to move to Abu Dhabi, Monaco or Spain, according to a representative. Tyrus’s ADGM entity was incorporated earlier this month, according to a filing.

The hedge fund firm, founded by Chedraoui, has applied to cancel its authorization with UK’s Financial Conduct Authority, a separate filing shows. Tyrus has an existing office in Monaco where Chedraoui ...