Toscafund boosts shares in Quindell north of 5%
Hedge fund Toscafund has boosted its stake in beleaguered outsourcer Quindell to 5.4% of the share capital after purchasing an additional 1.9 million shares in the firm.
Tosca bought the additional shares through the Tosca Mid Cap and Opportunity funds, bringing its total position up to 23.4 million shares.
News of the hedge fund's increased investment comes a week
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