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Nikhil Jhangiani From Precy Dumlao, Opalesque Asia:
Geneva-based investment manager Peak Partners’ new hybrid fund of funds (FoHFs) the Granite Emerging Market Fund of Funds was off to a good start gaining +0.40% in February, one month after it was officially launched.
Peak Partners’ CIO Nikhil Jhangiani, said in January the Fund would focus on the emerging markets as the firm sees growth opportunities in the lower debt to GDP ratio of these countries as compared to that of their developed counterparts. Lower debt means emerging economies will have less difficulty paying back creditors, Jhangiani added (See Opalesque Exclusive: here).
However, Peak Partners acknowledges that emerging markets tend to have bigger volatility compared to other economies, but adds that once a manager contains drawdown, huge profits are almost assured from the “only growth opportunities currently available.”
In fact, hedge fund data provider Hedge Fund Research, Inc. (HFR), disclosed that emerging markets hedge funds posted industry-leading gains in 2010, and is seen to lead the industry this year. Emerging market funds were led by regional exposure to Russia and the Middle East, HFRI added.
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