The fund, which is part of Tosca’s Luxembourg Sicav, will be launched onto Deustche Bank’s Platinum platform and will seek to mirror the performance of the Tosca Mid Cap Fund, which is Cayman domiciled and managed by Martin Hughes and Paul Compton.
It will initially be available to UK and German investors but Tosca says it hopes to make it available to all the ‘major geographies’ in the near future.
The managers will invest in a portfolio of equities offering both growth and value opportunities selected using a bottom-up research based approach picked froma auniverse of both international growth companies and domestic recovery situations.
“We firmly believe that the experience and contacts of Paul and I offer a strong platform for continued outperformance versus peer groups,” said Hughes.
“As the largest current investors in the fund our interests are totally aligned with our objective to maximise future returns.”
Anthony Byrne, European head of prime finance at Deutsche Bank said: “We are pleased to partner with Toscafund in launching a Ucits III version of the Tosca Mid Cap Fund.
“As with all Ucit III products, this will enable the fund to be accessible to a wide community of investors in a transparent and liquid format.”