Tue, May 24, 2016
A A A
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. Other voices: What current trends tell us about the future of the hedge fund industry[more]

    By: Don Steinbrugge, Agecroft Partners The following comments are excerpted from Agecroft Partners’ Don Steinbrugge’s presentation delivered at the 69th CFA Institute Annual Conference held on May 9th, 2016 in Montreal. In Mr. Steinbrugge’s session titled "What Current Trends Tell Us about th

  2. Investing - Steve Cohen boosted Sotheby’s stake to $86 million last quarter, Larry Robbins' hedge fund sells off all CHS, UHS hospital stocks, Tiger Global cut stakes in Amazon, JD.com, Apple last quarter, Invest in real estate near biotech hubs, Prudential’s Hyat says, Valeant: A hedge fund hotel wrecking ball[more]

    Steve Cohen boosted Sotheby’s stake to $86 million last quarter Billionaire trader and art collector Steve Cohen is on a buying spree of Sotheby’s shares. Cohen’s Point72 Asset Management acquired 1.2 million Sotheby’s shares, bringing its total to 3.2 million valued at $86.1 million at

  3. Legal - Boaz Weinstein wins round in fight with Canada’s PSP[more]

    From FT.com: Boaz Weinstein, the hedge fund manager credited with spotting JPMorgan’s “London Whale” in 2012, has won a round in a legal battle with Canada’s Public Sector Pension Investment Board that had become a test case of responsibilities when clients withdraw money. PSP sued Mr Weinstein and

  4. Regulatory - The latest Fannie and Freddie reform bill offers a bonanza for hedge funds[more]

    From WSJ.com: The latest housing finance reform bill making the rounds on Capitol Hill offers a bonanza for hedge funds seeking to cash in on their investments in Fannie Mae Mae and Freddie Mac—but the cost to taxpayers would be steep. Congressman Mick Mulvaney, the South Carolina Republican, introd

  5. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera