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Tiger Cub Martin Hughes Has Standout Year at Toscafund

The London-based firm posted sizable gains in three of its long-short funds last year.

Martin Hughes is not exactly a household name among activist investors, Tiger Cubs or hedge fund managers in general for that matter. However, he was one of the best performers among all those groups last year as well as over the past three years. Hughes, who founded London-based Toscafund Management in

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