Tyrus Capital, the hedge fund set to be launched on Monday by former Deephaven manager Tony Chedraoui, has raised more than $800m (€543m, £487m) from investors in one of the clearest signs to date of a resurgence of confidence in the hedge fund industry.

Since the collapse of Lehman Brothers, the number of hedge fund launches has fallen far from its peak. In the first half of 2007, there were more than 180 fund launches in Europe alone but the number fell to fewer than 50 in the first six months of this year, according to data from EuroHedge.