According to two unnamed sources, Bartosz Pawlowski, chief of emerging market strategy at BNP Paribas, will be leaving to take up the role of portfolio manager at Finisterre Capital. Pawlowski was with BNP since 2009.
Finisterre Capital is London-based and was founded in 2002 with about $1.7 billion assets under management. The fund mostly focuses on emerging markets. In 2011 the Principal Financial Group, a US-based investment manager, bought a majority of the firm.
Finisterre has been adding managers at a quickening pace. In the earlier part of this year the company hired David Burnside as the head of business development. Burnside was at BlueBay Asset Management previously.
It is useful to note that while Finesterre seems to be on a successful slope, other hedge funds in the emerging market space are moving more slowly, or closing shop. Avantium Investment Management, which was started in October 2011 was forced to shut down due to slow gains. In February Brevan Howard Capital Management also closed-up their Emerging Markets Strategies Fund as a result of a lot of 15% during 2013.
Finesterre boasted porfits of £6.3 million during 2012, and its Principal Finisterre Emerging Market Debt fund is so far up 3.48% this year, compared to a benchmark of 1.59%.