Finisterre was founded in 2002 by individuals whose careers spanned a combined century of investing and managing risk in Emerging markets. They believed that Emerging Markets offered compelling investment opportunities due to their diversity, opacity, and the disruptive effect of politics on macro-and micro-economic trends. Analysing these very dynamics was always perilous and institutional investors largely stayed away, resulting in systemic portfolio under-allocation.
To derive the full benefit from this opportunity, the Finisterre investment philosophy was designed as specialised, unconstrained and adaptive. The stated aim was to produce absolute returns in a risk-controlled environment for the benefit of a large majority of investors.
Fifteen years later, with Emerging Markets representing now an ever more complex and sizeable investment universe, we believe that Emerging Markets continue to offer compelling opportunities.
Over that time period, Finisterre has grown from strength to strength as a specialist investor in Emerging Market Debt, defined by a collegiate culture, rigorous analysis and irreverent opinions.