Principal Global Investors, a leading US-based global asset manager with some $230 billion of assets under management and a member of the Iowa-headquartered Principal Financial Group, is acquiring a majority stake in Finisterre Capital, the fast-growing and well-performing London-based emerging markets debt specialist.
“Finisterre Capital is a top-class emerging markets fixed-income specialist with a strong investment performance track record,” said Jim McCaughan, chief executive officer of Principal Global Investors.
“We are excited about the opportunity to help the business develop further and expand our...