Wednesday, 27 August 2014
Last updated 11 hours ago
Feb 4 2008 | 1:00am ET
London-based Toscafund Asset Management is prepping a U.K. small-cap long/short fund for launch this quarter. The Cayman Islands-based Tosca Small Cap Fund is launching with US$98 million, and is looking to raise as much as to US$500 million.
Paul Compton, portfolio manager and a 22-year veteran of the U.K. small-cap market as an analyst at Merrill Lynch and portfolio manager at Collins Stewart, says the time is ripe for Toscafund’s small-cap offering.
“The U.K. small-cap market is quite big now and there have been a lot of equity issues in the U.K. over the last few years,” Compton said. “We think the sector is quite poorly analyzed by the brokers for a variety of reasons, so it’s an imperfect market. The small-cap indices are down 35% since last summer so the timing is quite good to launch this fund.”
The fund’s fee structure and minimum investment requirement could not be obtained by press time.
Toscafund is headed by Martin Hughes and manages some US$7 billion in total assets. Last year, the firm was involved in acquiring a 40% stake in U.K. buyout firm Penta Capital.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...