In a large fry pan, melt 2 tbsps butter with 2 tbsps olive oil over medium heat.
Sauté the diced onion, fennel and garlic until starting to turn translucent.
Turn the heat to high and add ¼ cup of Pernod.
Burn the alcohol off the Pernod and reduce until the pan is only slightly wet.
Remove from the heat.
Place the contents of the pan along with the cream into a large pot and return to medium heat.
Allow to simmer and thicken, approx 10 minutes.
Meanwhile once the prawn stock has reduced by half, strain it and discard the solids.
Add no more than 200 mls (7 fl oz) of the stock to the sauce and continue to reduce until thick (do not boil).
Once sauce is thick enough to coat the pasta, reduce to low heat.
Wipe the fry pan clean and melt 1 tbsp of butter with 1 tbsp of olive oil over high heat.
Add the prawns and cook for approx 2 minutes or until pink.
Splash with a few tbsps of Pernod, burn off the alcohol and add the contents to the sauce.
Add parmesan cheese to sauce, stir and season to taste with sea salt and black pepper.