London boutique gains AM license in Monaco

London-based alternative investment advisory firm Tyndaris has been granted a license of asset management company on 2 June 2017 by the Monegasque financial market regulator CCAF, InvestmentEurope can reveal.

The license enables Tyndaris to manage foreign collective investment funds from Monaco and to provide advisory and assistance for the following : management of financial portfolios for third parties, management of Monaco-domiciled investment funds and execution of trading orders for third parties.

The status of Tyndaris were approved by Monaco’s State Minister in April 2017.

Tyndaris has been founded in 2012 by Raffaele Costa, a former Goldman Sachs employee and founding member and partner of US hedge fund GLG Partners, acquired by Man Group in 2010.

The alternative investment boutique runs two strategies, one being a real estate fund overseen by Clark Coffee and David White and the other focusing on the global convertible bond universe, managed by Eric Daniel and Damien Regnier.

Both teams will remain based in the firm’s headquarters in London while it is understood Costa will split his time between London and Monaco.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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