Wednesday, 7 October 2015
Last updated 21 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 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…