Fenician Adds Investcorp Vet As CEO

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of