Finisterre Launches Special Situations Fund

Jul 10 2007 | 10:04am ET

Emerging markets shop Finisterre Capital has launched a special situations fund with US$90 million of assets under management, including a significant commitment from the firm's partners.

The Finisterre Special Situations Fund invests in event-driven situations in emerging markets and employs a primarily bottom-up strategy rooted in fundamental credit, asset valuation and documentation analysis. Managed by partner Rafaël Biosse Duplan—who  has helmed the special situations strategy within the two existing Finisterre funds since early 2006—the strategy has returned 42.8% net of fees and expenses with a volatility of 9.2% over the past 12 months, according to the firm.

Finisterre Capital was founded in October 2002 and manages over US$425 million across its three existing emerging markets products.

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