Finisterre's First Long/Short Equity Fund Debuts

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."

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