Sunday, 29 November 2015
Last updated 1 day 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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…