The London hedge fund Toscafund is opening an office based in Greenwich, Connecticut at a time when a number of London’s leading hedge funds are staging a cross-Atlantic push.
Other hedge funds that have recently opened up US offices include the multi-strategy manager Cheyne Capital, the computer-driven Winton and Odey Asset Management, one of London’s oldest hedge funds.
Toscafund was founded at the turn of the millennium by Martin Hughes, a former top-rated banks analysts and protégé of the highly influential hedge fund manager Julian Robertson, who employed him as European chairman of his Tiger Management.
Toscafund has hired Mimi Gammill from Blackstone’s hedge fund business to lead the US office where she will manage relationships with the London fund’s North American clients.
While the US office will primarily serve as an investor relations base it will also have space and facilities for Toscafund managers to work out for trading operations if needed. Toscafund currently employs 33 people.
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