Toscafund Expands Asia-Pacific Presence with New Hong Kong Office (Hedge Week)
Toscafund, a London-headquartered specialist asset manager founded by Martin Hughes in 2000 and chaired by Martin Gilbert, has opened a Hong Kong office, its second in Asia-Pacific, following regulatory approval from the Hong Kong Securities and Futures Commission. Toscafund’s fifth and newest office extends the firm’s global network for both fund distribution and investment across its specialist areas – listed equities, private equity, private debt and UK commercial property.
Sizing Up Tampa’s Hedge Fund Scene (Tampa Bay Business Journal)
The U.S. market dominates the hedge fund industry. Of the 27,255 active hedge funds globally, 67% are based in the U.S. Tampa Bay is currently home to 40 active hedge funds and, on par with national trends, has seen an increase in fund launches in recent years, according to research by SigTech. Nine new hedge funds have launched in Tampa since 2020, and at least one of those was a crypto hedge fund – RSK Trading Group LLC.
Ufenau Capital Partners Raises $1.1bn Hard Cap for its Seventh Fund (Opalesque)
Ufenau Capital Partners, a privately owned investment company headquartered in Switzerland, has held a final close for Ufenau VII on its EUR 1bn ($1.1bn) hard-cap. “The fund was swiftly closed at the hard cap, following strong demand from global investors despite the pandemic. The hard cap was reached in under three months from the formal launch of the fundraising,” claimed a press release from the asset manager. Ufenau VII is significantly larger than its predecessor fund, Ufenau VI, as a result of strong and undiminished demand from both existing and new investors, it said.
Chelsea FC Sale: Chicago Cubs-Owners Fortify Bid with New Bank Signing (Sky News)
Sky News has learnt that the Ricketts family and the hedge fund billionaire Ken Griffin have hired Jefferies, the US-based investment bank, to advise on and potentially help finance a formal offer for the Blues. Jefferies’ appointment, alongside that of Lazard – another adviser to the Ricketts-Griffin bid – underlines how Wall Street banks are jockeying for roles on what could be the most lucrative sale of a sports franchise in history.
Greenlight Lost Money in March (Institutional Investor)
But David Einhorn’s fund remains solidly in the black for the year. Greenlight Capital suffered a setback in March.The value driven hedge fund headed by David Einhorn dropped 1 percent for the month, missing out on the rally in the S&P 500, which rebounded by 5.2 percent.Even so, Greenlight is still up 4.4 percent for the year, solidly ahead of the S&P…