Toscafund | Martin Hughes | Hedge Fund Notes

Toscafund Asset Management

Toscafund | Hedge Fund Notes


Below please find the Hedge Fund Tracker details for Tosca Fund Asset Management:

Resource #1: A London hedge fund with ties to Dubai has acquired a 6 percent stake in ailing Washington Mutual, a move that appears to rank it as the bank’s second-largest shareholder.

Toscafund Asset Management owns 105.5 million shares of Seattle-based thrift Washington Mutual Inc. (WM), according to a filing with the Securities and Exchange Commission.

The purchase makes the fund one of WaMu’s largest institutional investors, behind TPG, the private equity group that recently bought a large chunk of the bank for about $7.2 billion. source

Resource #2: Toscafund is headed by Martin Hughes and manages some US$7 billion in total assets. In 2007, the firm was involved in acquiring a 40% stake in U.K. buyout firm Penta Capital. source

Resource #3: Toscafund Asset Management LLP is an employee owned hedge fund sponsor. The firm provides its services to pooled investment vehicles. It invests in the public equity markets of the United Kingdom. The firm primarily invests in stocks of small-cap companies. It employs long/short equity strategy to make its investments. The firm was formerly known as Toscafund Limited. Toscafund Asset Management was founded in 2000 and is based in London, United Kingdom. source

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