Finisterre New York Pension Fund
Finisterre Launches New Fund with New York Money
U.K. emerging-markets hedge fund specialist Finisterre Capital said Monday it has launched a new fund with $250 million in initial capital from the New York State Common Retirement Fund, the U.S.' third-largest pension fund by assets.
The new fund, called Finisterre Emerging Markets Fund, started trading on Jan. 1 and invests in emerging market sovereign and corporate debt, local currency debt, foreign exchange, special situations and equity.
Finisterre, founded in 2002, managed $920 million as of Jan. 1. Other products it offers include the Finisterre Global Opportunity Fund and the Finisterre Sovereign Debt fund.
It said the money from the New York pension fund is locked up for two years. Source
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