High-flying Toro ABS strategy closing to new subscriptions


Toro Capital 1, the high-flying ABS fund managed in partnership with London-based credit boutique Chenavari Investment Managers, is closing to new subscriptions at the end of March.

The fund is soft-closing after an extraordinary performance since its inception in June 2009 that has produced an astonishing total return of 294% in just 21 months and an annualised return of 119%.

Toro Capital 1 has not suffered a down month so far. Having gained 80% over its first seven months in 2009, the fund was up by over 90% in 2010 and is already up again this year by