{"id":4432,"date":"2006-05-17T00:00:00","date_gmt":"2006-05-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-invest-in-hollywood","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/hedge-funds-invest-in-hollywood.html","title":{"rendered":"Hedge Funds invest in Hollywood"},"content":{"rendered":"<p>  WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Sir George Mathewson, former chief executive of Royal Bank of Scotland, is to become chairman of hedge fund Toscafund Holdings. It is his second appointment in a  week since retiring on 28 April after 19 years as chairman of <span class=\"caps\">RBS<\/span>. He remains an adviser to <span class=\"caps\">RBS<\/span> and is also a director of the Scottish Investment  Trust.<\/p>\n<p>  During two decades with <span class=\"caps\">RBS<\/span>, Sir George built a parochial lender that was vulnerable to takeover into a global banking powerhouse valued at more than \u00c3\u201a\u00c2\u00a366bn. Following the  transformational \u00c3\u201a\u00c2\u00a322bn hostile acquisition of a flabby National Westminster Bank in 2000, <span class=\"caps\">RBS<\/span> is now the eighth-biggest bank in the world.<\/p>\n<p>  Toscafund Holdings Limited is a global equity hedge fund and Sir George will be responsible for overseeing and guiding the growth of Toscafund, which manages $4bn (\u00c3\u201a\u00c2\u00a32.1bn) for City institutions and  the very rich. Toscafund runs a \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201clong\/ short\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d equity hedge fund, which invests in stocks that it expects to rise in value and also takes bets on other shares it thinks will fall.<\/p>\n<p>  In a statement, Toscafund\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s chief executive and owner, the 45-year-old former banking analyst Martin Hughes, said he was \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cextremely pleased to have someone of Sir George\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s calibre on the board\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d,  describing him as \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201can enormous asset\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d. Sir George\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s pay for the part-time role was not disclosed.<\/p>\n<p>  Hedge funds, unlike traditional investment funds, are able to deploy a wider range of investment strategies across a broader range of markets and financial instruments in the search for better  returns.<\/p>\n<p>  The number of hedge funds has soared from fewer than 500 managing less than $100bn in 1990 to more than 8,000 today with $1,500bn under management globally.<\/p>\n<p>  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: Editor@hedgeco.net<\/p>\n<p>  HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n<p>  <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>  and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a><\/p>\n<p>  &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Sir George Mathewson, former chief executive of Royal Bank of Scotland, is to become chairman of hedge fund Toscafund Holdings. It is his second appointment in a week since retiring on 28 April after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4432","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4432"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4432\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}