Tosca Plans UCITS Mid-Cap Fund

Mar 4 2010 | 1:41pm ET

Toscafund Asset Management is preparing a UCITS III-compliant version of its US$110 million mid-cap hedge fund.

The UCITS vehicle will launch later this month and follow the same strategy as the existing fund—complying with the stricter UCITS standards requires no change, CEO Martin Hughes told the Reuters Private Equity and Hedge Fund Summit.

The new fund will be offered through Deutsche Bank’s UCITS platform and will offer investors “an alternative to the index-tracking large investment trusts,” Hughes said. He said the decision to go with Deutsche Bank—after nine months of mulling Bank of America’s platform—came down to a name.

The Deutsche Bank platform “lets us keep the name… it will stay Tosca Mid-cap,” Hughes explained.

The UCITS fund will close at US$300 million. Hughes said Tosca is launching the vehicle in response to investor demand.

“We have been asked by private clients to make it available,” he said. “Deutsche Bank has facilitated that and I would expect quite a big interest.”

At the London summit, Hughes also offered his take on British equities, whose prices are so low they are “absurd.”

“My view is that the next five years will be good for equities,” he said. “There’s still value.”


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note