Toscafund Launching UCITS III Fund this Month

March 14th, 2010
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Hedge fund Toscafund will be launching a UCITS III version of its mid-cap fund later this month. According to a recent Reuters article, the firm’s current mid-cap fund has raised $110 million so far and the new fund is estimated to close at $300 million. The UCITS III version will follow European Union regulations on transparency and liquidity but the investment strategy will remain unchanged.

Toscafund was founded by CEO Martin Hughes as a subsidiary of Old Oak Holdings, a financial service and investment group. The firm employs activist shareholder tactics and is most known for its involvement with Aberdeen Asset Management and ABN AMRO.
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Related People: Martin Hughes
Related Entities: Old Oak Holdings; Toscafund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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