Tuscan Launches Offshore Fund

Nov 9 2007 | 10:39am ET

San Francisco-based Tuscan Group has launched an offshore version of its $135 million long/short hedge fund. The Cayman Islands-domiciled Tuscan Offshore Investments debuted with $20 million on Oct. 1.

Both funds employ a long/short strategy in the technology space, including telecom and media but minus biotech, because “that’s a whole other specialty,” a source with knowledge of the fund told FINalternatives. The source did not provide performance numbers for the onshore fund, which has been trading since 2002.

Tuscan Offshore Investments uses Bank of America as its prime broker, Howard Rice as its law firm and Rothstein Kass as its auditor.

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