Wed, Dec 13, 2017
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  3. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  4. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans