Mygale

Established in 2015, Mygale is a London-based hedge fund manager. Mygale continues the successful strategy employed by Neil Tofts for over 25 years at firms including Deephaven Capital, KBC Alternative Investment Management, and Merrill Lynch. The team employs a differentiated investment approach built on skeptical research, disciplined position selection, and active trading to capture additional alpha in every position. Investments are challenged and considered from multiple angles with fundamental in-house research that is complemented by systematic consulting of the market through deep local broker relationships and industry specialists. Trades are structured with the intention of embedding optionality and favorably skewing risk, with a preference for situations that have a fundamental value underpinning, a clear rationale, and the possibility of bump catalysts or counter bids. The team dislikes crowded trades and binary outcomes with heavy downsides and avoids the ‘home run’ mentality.