Profits increased three-fold in the year to the end of March at the hedge fund set up by a former Goldman Sachs trading co-head and FN Rising Star.

DSAM Partners, the European long/short equity hedge fund manager founded by Guy Shahar in 2011, saw profits surge to £11.9 million in the 12 months to March 31, according to its latest accounts filed at Companies House. That compares with £2.5 million the previous year.