Boussard & Gavaudan, an Anglo-French hedge fund manager, almost trebled its turnover to £31m (€45m) in the year it became one of the first alternative asset managers to float a fund on a stock exchange.

The firm increased its turnover, comprising management and performance fees, from £12.8m to £31m in the 12 months to the end of November 2006, according to the financial statements of Boussard & Gavaudan Partners Limited, filed at Companies House.