UK’s Toscafund Raises Money for Two New Funds

Firm led by Tiger Cub Martin Hughes aims at starting a new UK debt fund and a long-short fund aiming at European financial services stocks.

Toscafund Asset Management is raising money for two new funds.

The London-based firm headed by Tiger Cub Martin Hughes recently launched Tosca Strategic Fund. According to a regulatory filing, it has raised $47 million so far.

The firm hopes to raise as much as $200 million.

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