Friday, 28 August 2015
Last updated 9 hours ago
Feb 7 2012 | 12:20pm ET
Finisterre Capital has launched its first dedicated long/short equity fund and will begin marketing it in the second quarter.
The London-based firm seeded the Finisterre Equity Fund with US$25 million in November, the firm said. It is managed by Alistair Candlish and Edward Cole, who currently manage a "substantial" chunk of the firm's US$800 million Global Opportunity Fund.
At the new fund, Candlish and Cole will employ a top-down macro investment process. The two are targeting an annualized return of 15% to 20%.
Finisterre said it would open the vehicle to outside investors in the second quarter.
"There has been growing investor demand for a Finisterre equity fund," co-founder Paul Crean said. "The new fund nicely complements our existing emerging markets offering, and rounds out our product range."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…