Thu, Aug 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds are keeping exposure in emerging markets at low level

Monday, March 03, 2014

Komfie Manalo, Opalesque Asia:

Hedge funds are keeping their exposure in emerging market at a low level and say they are under invested to the segment, according to the latest survey by Societe Generale.

The survey said many hedge fund managers are sitting out the turmoil in the emerging market despite looking at opportunities to the segment.

Nicolas Campiche, chief executive officer for alternative investments at Swiss private bank Pictet was quoted by CNBC as saying, "Hedge funds are still viewing emerging markets as a great opportunity now that it's no longer moving in synch with other markets."

However, he said hedge funds are still very picky and have limited their exposure through macro managers.

Misha Graboi, a portfolio manager at fund of hedge fund firm Pacific Alternative Asset Management Co. (Paamco) added that it is difficult to run a long-short strategy in emerging market. Graboi pointed out the reality in many emerging markets where outright prohibitions on shorting or liquidity or shorting costs are very prohibitive.

"Sometimes they end up just shorting an index and the problem of shorting the index in emerging markets is that they tend to be dominated by one industry or even one company. Long some stocks and short the index would be an explicit sector bet in some emerging markets," he said.

Last week, a report by ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord