Toscafund hires five partners as returns improve

UK hedge fund manager Toscafund has hired a team of five traders, claiming it has begun to recover from a 67% loss it registered last year.

The manager, which runs almost $2.5bn (€1.9bn) of assets, has appointed Charles Schrager, Adam Doran, Adrian Carr, Russell Philpott and Narayanan Shadagopan as partners, according to regulatory filings.

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