Tosca’s Ukraine Play

The London-based Tiger Cub is launching a new fund heavily weighted with European bank stocks.

Illustration by II

Illustration by II

One of the longer-tenured but lesser known Tiger Cubs is raising money for a new hedge fund designed, in part, to take advantage of the selloff in European banks in the wake of Russia’s invasion of Ukraine.

London-based Toscafund Management, founded by Martin Hughes, is aiming to raise more than $100 million for the Tosca Financials Reflation Fund, according to an offering document seen by Institutional Investor.

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