Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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: www.finisterrecapital.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L