Fri, Jul 31, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner