Vinci Zafferano Capital, the emerging-markets hedge fund manager run by former executives at $11 billion hedge fund Tudor Investment Corporation, turned a maiden profit last year after launching its fund in late 2012.

Profits at Vinci Zafferano Capital (UK) totaled £121,243 in 2013, compared with a loss of £1.7 million in its previous set of accounts covering the period from its launch in 2011 to the end of 2012.