Finisterre's First Long/Short Equity Fund Debuts

Feb 7 2012 | 1:20pm 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."


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of