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Alternative Market Briefing

Current environment offers best opportunities for long-short emerging market debt, says Jonathan Binder

Monday, June 28, 2010

From Sagar Chakraverty, Opalesque Asia:

Jonathan Binder is the CIO and one of the managing directors of Consilium Investment Management, which runs a global macro emerging market hedge fund from Fort Lauderdale, Florida. Consilium is 100% employee owned and it is registered with the SEC. The firm runs three portfolios: Emerging Market Multi Strategy, Global Credit, and Frontier Equities.

In a recent Opalesque TV interview with Opalesque's founder Matthias Knab, Binder described the opportunities available to global investors and how credit investing has changed. Going forward, credit differentiation will better compensate investors. Binder also believes that in the future, traditional classifications such as developed markets and emerging markets would be insignificant compared to individual countries' credit worthiness and fiscal soundness.

In 1984, Binder started his career at Morgan Grenfell in London, working in the international capital market's division. In due course of time, he moved to New York, and from there to Florida, where he started running an emerging market hedge fund along with Charles Cassel, focussing on the emerging market equities. Prior to launching Consilium in 2004, they both managed $2.2bn in AUM for Standard Asset Management, the international asset management arm of Standard Bank S.A.

Consilium is not a typical emerging market global macro fund ......................

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