Sat, Apr 30, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n