Emerging markets total return specialist looks well positioned at a time of fast-accelerating investor interest in gaining more exposure to a broad range of EM asset classes and strategies
The recent allocation by the New York State Common Retirement Fund of a $250 million investment to London-based emerging markets total return specialist Finisterre Capital marks a major leap forward for a firm that has been making steady progress since its launch in 2003.
The move is significant on three counts. For one thing the commitment, which is one of the New York state pension fund's largest single hedge fund investments to date, represents a sizeable allocation from a US pension fund to a non-US hedge fund.
Second, it marks a significant vote of confidence by