Monday, 24 April 2017
Last updated 36 min ago
Feb 10 2014 | 10:31am 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.