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    Tenon seeks fund management go-ahead

    Tenon seeks fund management go-ahead

    Tenon is applying for FSA go-ahead for fund management to invest in distressed businesses with potential

    Author Date published October 23, 2008 Categories

    Tenon is applying
    for FSA authorisation for fund management through Tenon Capital Management
    (TenonCap), aiming to invest in distressed businesses with turnaround potential
    and turnovers between £5m and £30m, initially through the unregulated T-Fund.

    Tenon will invest up to £1.5m in TenonCap and directors will contribute
    another £250,000. The firm is looking to aggregate commitments of between £15m
    and £20m, , IFA online reports.

    ‘Having seen several economic downturns we are greatly aware of the
    opportunities they can produce’, TenonCap CEO Matthew Bowker said.

    ‘We believe we are well placed to identify the best opportunities and to
    achieve successful turnarounds and profitable exits for our investors.’

    Further reading:

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