Wed, Nov 25, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Emerging market long/short managers with low net exposure help investors to curb losses (Part 2)

Thursday, March 06, 2014

Komfie Manalo, Opalesque Asia:

Emerging markets had a very turbulent start in 2014 as a result of the massive depreciation of the Argentinian Peso (-22%) and Turkish Lira (-9%), said Asian hedge fund specialists GFIA. Entering 2014, Russian and Brazilian (Brazil Bovespa: -10.4%) stock markets slumped near 10% and Turkey, South Africa, Chile and Mexico tumbled 8%, 4%, 8% and 7% respectively.

"Brazil has taken the negative lead due to its domestic environment, which is still marked by uncertainties relative to the developments of the fiscal and monetary policies," GFIA said in its January report. It added that Latin America managers generated a wide spectrum of returns. The portfolio manager for Brasil Capital (-12.3%) holds bleak views towards the market’s short term development while he believes strongly in the substantial medium to long term value of their portfolio companies.

Long short managers running a low net exposure generally painted a less ghastly return picture. BNY Mellon ARX Brazil Fund limited its loss to 2.0% with the help of its short positions and relatively low net exposure of 32%, GFIA said.

The reports said MENA was the only positive emerging market this month as the positive sentiment in 2013 continued into the New Year. MSCI Arabian Market ex SA closed up 3.7% while the S&P Pan Arab Index went up 4.1%. The Egyptian bourse was also up 9.2% as a new constitution was approved, paving way for......................

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. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  2. Chicago-based Achievement A. M. is shutting down hedge fund following losses[more]

    Komfie Manalo, Opalesque Asia for New Managers: Achievement Asset Management, a Chicago-based hedge fund firm, has announced it is closing down its hedge fund operation following losses on energy market bets this ye

  3. Lyxor Hedge Fund Index up 0.1% (+0.4% YTD) as global macro and CTAs outperform[more]

    Komfie Manalo, Opalesque Asia for New Managers: Global macro and CTAs outperformed the hedge fund space and delivered positive returns last week amidst difficult market conditions, with the Lyxor Hedge Fund Index up

  4. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  5. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the