Saturday, 28 November 2015
Last updated 15 hours ago
May 24 2010 | 11:58am ET
Toscafund Asset Management’s profit fell by two-thirds last year, leaving it earning just 6% of what it took in two years ago.
The London-based firm said it earned £9.2 million last year, down from £27 million in 2008 and £158 million in 2007. The fund is still suffering from the losses it suffered in 2008, failing to make up the drawdowns last year, leaving it with vastly reduced performance fees.
The firm did assure that it has “adequate resources to continue for the foreseeable future,” as it has done in the past.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…