Stamford, Conn.-based Finisterre USA Inc. is planning to open a second emerging markets fund in April. The new fund, Finisterre Local Markets, will be managed by Robin Hubbard, who recently joined the firm as a partner from F&C Management, where he was a portfolio manager for the emerging debt portfolios. This fund will specialize in local debt and local currency in emerging markets.
The local markets fund is a new investment opportunity using the framework set by the existing Finisterre fund. It will invest primarily in the foreign exchange and local fixed-income markets of emerging market countries using