Toscafund reveals 6% WaMu stake

Toscafund, the largest London hedge fund specialising in financial services, disclosed on Thursday that it had a 6% stake in Washington Mutual, making it the second-largest investor in the biggest US savings and loan group, sending shares in WaMu up more than 12%. It also said in a separate filing with the SEC that it had a 5% stake in Sovereign Bancorp,……
Original Source: ftalphaville.ft.com

  31 de July , 2008| hedgefunds | @ 21:24

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