Sunday, 21 December 2014
Last updated 1 hour ago
Jun 12 2008 | 2:00am ET
Toscafund Asset Management is denying rumors that it is liquidating its stock portfolio, suggesting that the whispers may be an effort to manipulate prices.
The London-based hedge fund has had a rough year: It was down 17% through May 22, as many of its largest bets have plummeted in value. But firm founder Martin Hughes says reports of its death are greatly exaggerated.
“We are aware of the stories circulating in the market which are totally wrong,” Hughes told Bloomberg News of talk that it was selling off its US$8 billion stock portfolio. “It is certainly not Tosca that is liquidating a portfolio.”
Hughes added that the rumors “may be a deliberate attempt at market manipulation.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.