Sat, Jul 23, 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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New