This new fund currently has assets under management of $46 million, rising this month to $78 million, and has an estimated capacity of $500 million. Despite the May turmoil in emerging markets it recorded a positive return estimated at 0.3%.
Finisterre is targeting fundraising from hedge funds and family offices, then moving onward to private banks.
The fundÆs characteristics are somewhat akin to an emerging-markets macro fund. The bulk of the fundÆs focus will be placed on Latin America, central and Eastern Europe and Africa....
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