Canosa Capital, the Brummer-backed hedge fund launched by two former Rubicon managers, has enjoyed a healthy start, generating over £5 million in revenues since launching a global macro fund last year and seeing assets under management top $1 billion.

Canosa was started in November 2012 by Tim Attias and Santiago Alarco, one-time colleagues at Salomon Brothers and ABN Amro who were reunited at Rubicon Fund Management, where they were co-chief investment officers before leaving in 2011.