Saturday, 31 January 2015
Last updated 13 hours ago
Jul 28 2008 | 10:26am ET
Toscafund has raised US$800 million from investors to increase its investments in the financial services sector.
The London hedge fund, which has been battered by its investments in financials this year, told investors of the new capital last week.
The terms of the new investment include a three-year lockup, bringing the firm’s locked-up capital to US$1.5 billion, according to the Financial Times.
Tosca chief Martin Hughes has argued that banks are undervalued and the doom and gloom surrounding the sector is overdone.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…