Partners at the hedge fund launched by the former head of Cheyne Capital's event-driven team shared more than £5.5m after profits surged last year — a period of strong returns for the strategy as a whole.
Latest accounts filed at Companies House by Sand Grove Capital Management show that profits available to be shared among the eight partners rose to £5.4m in the 12 months to March 2017, up from £468,000 a year earlier. The partnership includes two corporate partners.
