Finisterre Hiring, Planning New Funds After Principal Investment

May 16 2011 | 1:01pm ET

Finisterre Capital is wasting no time putting its expansion plans into overdrive, just a month after selling a majority stake in itself to Principal Global Investors for up to US$115 million.

The London-based emerging markets specialist has already added Maxim Safonov from FrontPoint Partners as a foreign exchange and interest rates trader, the Financial Times reports. Firm founder Paul Crean said four other portfolio managers are poised to join, in addition to an economist hired from a European bank.

Crean would not identify the other five hires. But two are to join "from a big hedge fund" to manage a new emerging markets equity fund, which will debut later this year or early in 2012.

PGI, the investment division of U.S. insurance giant Principal Financial Group, is "seeing demand from clients for emerging markets strategies in UCITS form," Crean said.

Crean and Finisterre's other four partners still own a "significant" minority stake in Finisterre and will continue to make all investment decisions.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Futures Trending

FINalternatives Most Popular

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.