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Finisterre Capital's Sovereign Debt Fund up 11.33% through November, manager Xavier Corin-Mick named partner

Tuesday, December 21, 2010
Opalesque Industry Update - With assets under management growing and its funds continuing to out-perform, emerging markets specialist Finisterre Capital has moved to appoint Xavier Corin-Mick as a partner in the firm.

Xavier joined Finisterre Capital in September 2008 in the midst of the liquidity crisis as portfolio manager for the Sovereign Debt Fund. He played an important role in protecting the Fund’s capital throughout the credit crunch. The Sovereign Debt Fund now has over $300 million in assets under management and has returned 11.33% to the end of November.

Last year the Fund produced a return of over 50% bringing the last three years returns to an annualized 14.51%.

Xavier was previously Managing Director, co-head of EM trading at Morgan Stanley. He started his career as an options trader at Indosuez Bank and went on to work in trading at Fortis Bank, DEPFA Bank and Lehman Brothers.

“We are very pleased at the growth Finisterre has enjoyed over the past year. The appointment of Xavier will further strengthen the partnership and put Finisterre in a strong position going into 2011,” said Paul Crean, Chief Investment Officer of Finisterre Capital.

About Finisterre Capital

Finisterre Capital LLP, founded in 2002, is an Emerging Markets specialist dedicated to delivering risk-controlled, total return investment strategies to the institutional marketplace. The firm manages Emerging Markets funds in a variety of asset classes, including sovereign debt, local currency debt, foreign exchange, corporate credit, special situations and equity.

Finisterre’s funds are all actively managed and include the Sovereign Debt Fund, which uses a top-down macro approach to emerging market sovereign debt; the Global Opportunity Fund, which has a portfolio of sovereign and corporate debt, foreign exchange, interest rates and equity; and the Finisterre Credit Fund, which concentrates on bottom-up corporate credit. In January this year, Finisterre launched the Emerging Markets Fund (FEMF), enabling investors to gain exposure to all Finisterre strategies. Corporate website:

- FG

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