Telegraph – American-born Mr Griffin, who built Tisbury into a $2.7bn powerhouse, has dropped plans to rebuild the hedge fund following the heavy losses it sustained in the financial crisis. He and Gerald Lucaussy, a partner at Tisbury, are up-rooting and joining GLG Partners, the New York-listed hedge fund group.
The pair, who last year tried to launch a $750m fund, are handing back the remaining $30m of funds to investors.
