London based Toscafund Asset Management is founded by Martin Hughes in 2000. Toscafund Asset Management manages a range of investments but its oldest fund is a global long/short equity fund. Martin Hughes worked for Julian Robertson‘s Tiger Management before founding Toscafund Asset Management. Martin Hughes’ Toscafund Opportunity fund was one of the best performing hedge funds in 2013, returning 56%. Toscafund had around $6 billion under management before its colossal loss of 65+% in 2008. The fund had less than $1.5 billion under management in the middle of 2013. |
Martin Hughes’ net worth is north of $500 million.