Battered Toscafund Raises $800M

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.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of