Toscafund Makes Hay in Financial Stocks

The London-based hedge fund, run by Tiger Cub Johnny de la Hey, is outpacing most other hedge funds this year -- and rebuilding its reputation after a miserable 2008.

One of this year’s best performing Tiger Cub-run funds – or best-performing hedge funds, period – is a London-based vehicle that many investors left for dead after it lost more than half its value in 2008.

Managed out of the London-based hedge fund firm Toscafund Asset Management, the Tosca fund is up 16.2

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