Saturday, 20 December 2014
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."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.