6 Feb 2012
Finisterre Capital, the long/short emerging market total return specialist, has launched a new fund, the Finisterre Equity Fund.
Alistair Candlish and Edward Cole, who joined Finisterre in August 2011, will be joint portfolio managers of the new fund. The duo was hired as a team from Newsmith, where they were partners in the firm and jointly ran Newsmith’s EM equity fund.
Finisterre’s new fund is a global emerging market equity strategy that seeks to maximise absolute returns within a framework of reduced volatility relative to the market and peers. The fund employs a top-down macro process that seeks to gauge and predict changes in momentum in the global business cycle, and selects stocks accordingly. The fund invests long and short in equity securities, and uses options and swaps to hedge at a portfolio level.
Finisterre Capital is planning to open the equity fund to outside investors in the second quarter of this year. The fund has a target return of 15-20% net annualised over the business cycle, with a target volatility of 10-13%. Minimum investment is $1 million.
Alistair Candlish and Edward Cole, who joined Finisterre in August 2011, will be joint portfolio managers of the new fund. The duo was hired as a team from Newsmith, where they were partners in the firm and jointly ran Newsmith’s EM equity fund.
Finisterre’s new fund is a global emerging market equity strategy that seeks to maximise absolute returns within a framework of reduced volatility relative to the market and peers. The fund employs a top-down macro process that seeks to gauge and predict changes in momentum in the global business cycle, and selects stocks accordingly. The fund invests long and short in equity securities, and uses options and swaps to hedge at a portfolio level.
“There has been growing investor demand for a Finisterre equity fund,” said Paul Crean, co- founder and CIO of Finisterre Capital. “The new fund nicely complements our existing emerging markets offerings, and rounds out our EM product range. In addition, we were very fortunate to attract experienced professionals like Alistair and Edward to manage it.”
Finisterre Capital is planning to open the equity fund to outside investors in the second quarter of this year. The fund has a target return of 15-20% net annualised over the business cycle, with a target volatility of 10-13%. Minimum investment is $1 million.
