Fenician Adds Investcorp Vet As CEO

Feb 10 2014 | 11:31am ET

Hedge fund Fenician Capital has a new leader.

The London-based firm, which manages slightly less than US$100 million, hired Andrew Crane as CEO, Financial News reports. Crane said he plans to focus on increasing Fenician's assets under management, with a new marketing strategy and his Rolodex from his six years at Investcorp, where he was a principal.

"I met 1,500 hedge funds, ranging from the biggest and best in the world to small ones with a perspective of what is good," Crane told FN. "Fenician is among the best I have seen for risk management and ability to trade. Both portfolio managers have 15 to 20 years' experience. The investment side is very strong."

Crane, who previously worked at hedge fund consultancy VHC Partners and Fidelity Investments, added that Fenician returned 17% last year and was up 1.4% in January.

Fenician, which lost two partners to BlueCrest Capital Management in December, is also seeking a new analyst.


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