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UK's Toscafund Unfreezes Hedge Funds As Investments Recover
Nick Parmee
15 May 2009
Toscafund Asset Management, a UK hedge fund firm, has unlocked the last of the three funds it had to freeze last year. The firm's main Tosca Fund, run by founder Martin Hughes, is up by a quarter for the year after falling two thirds in 2008. The Tosca Opportunity Fund, the only fund not locked in 2008, is up 60 per cent compared with a loss of a third last year, and the Tosca Small Cap fund is up more than half. Toscafund was launched in 2000 after Mr Hughes left Julian Robertson's Tiger Management.