Stuart Powers' Hengistbury Investment Partners, the best new hedge fund management firm at last year’s Financial News European institutional hedge fund awards, leapt into profit in its second year.
The results, revealed in a Companies House filing yesterday, mark a leap in profitability at Hengistbury, which was founded by former TCI partner Powers in June 2011, from a loss of £431,809 in the first 17 months to November 2012, when the company incurred start-up costs from putting in place a full team and infrastructure.