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Activist Tiger Cub Launches a New Fund

Martin Hughes’ Toscafund is forecasting greater than 40 percent returns for the new long-only fund.

Toscafund Asset Management has raised money for a new fund.The London firm headed by Tiger Cub Martin Hughes in April launched the Tosca European Financials Recovery Fund, designed to take advantage of the very low ratings across European financial companies, according to an investor in the firm.It is a long-only

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