New Managers September 2012

Profiles - Two emerging hedge fund managers, Sustainable Resources and Fasanara, speak about their new fund.

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Fasanara to launch event driven multi-strategy fund in "deeply transformational" market environment Pietro Fabbri

Pietro Fabbri and Francesco Filia, after a combined 20 years at Merrill Lynch, left the bank to set up Fasanara Capital Ltd in December 2011. Fasanara is an asset management firm that specializes in European event strategies, based in London's Mayfair area; it runs managed accounts and will soon launch a Cayman-domiciled hedge fund.

Francesco Filia, CEO and CIO, was at Bank of America Merrill Lynch since 2000. His last position was that of managing director and EMEA head of the Principal Investors group. Fabbri, COO, was vice president in the same group.

"We basically started with a family office in Europe that committed to us $100 million for a segregated account," Fabbri (pietro.fabbri@fasanara.com) told Opalesque in an interview. The account now has a nine-month track-record (which cannot be divulged to the public).

The firm won a second mandate in the spring, to run Eur80m for a European sovereign wealth fund. "This specific portfolio is cued primarily into fat tail risk hedging," Fabbri notes.

Fasanara recently entered into a strategic relationship with Wilshire Associates, a managed account platform headquartered in California. (Wilshire also supports The Harvest Fund, which creates and manages private equity investments in emerging hedge fund firms, as seen in New Managers, April 2012).

Together with Wilshire, Fasanara is about to launch its first comingled fund: the Wilshire-Fasanara Credit Opportunities & Special Situations fund (COS......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.