Reuters: Money: Exclusive: Hedge fund Tyrus moves to Monaco: source

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Exclusive: Hedge fund Tyrus moves to Monaco: source Apr 11th 2012, 15:13 LONDON | Wed Apr 11, 2012 10:55am EDT LONDON (Reuters) - Tyrus Capital, one of London's best-known M&A hedge fund firms, has moved the bulk of its operations to Monaco, one of the first managers to relocate to the principality in response to forthcoming European Union regulation and UK tax rates. The firm, which runs approximately $2.7 billion and which was founded by Tony Chedraoui in 2009, moved most of its staff to Monaco around the start of April, a source familiar with the matter told Reuters. "I think it's driven by the EU regulation that's just coming through, which they see an onerous and unnecessary," the source said.

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