Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
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

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1