Raffaele Costa eyes world domination with hedge fund

Self-styled 'Captain Magic', Raffaele Costa plans to resurrect the glory days of the hedge fund with his latest venture, Tyndaris.

"The glory days of the hedge fund launch may not be entirely over", says the Financial Times. Raffaele Costa, former partner at hedge fund GLG and self-styled "Captain Magic", has just unveiled the first fund at his new firm, Tyndaris "one of the boldest start-ups since 2008" (see below).

In recent years, alternative asset managers have eschewed the ostentatious launches of the pre-crisis industry. Not this one. Tyndaris has leased some of Mayfair's priciest offices on Savile Row, complete with a floor-to-ceiling "living wall" of plants, which will eventually form a map of the world. "Captain Magic", it would appear, is planning nothing less than global domination.

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