Wednesday, 1 April 2015
Last updated 4 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…