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Bart Turtelboom Bailey McCann, Opalesque New York:

Despite large sell offs late last year, emerging market currencies present an enticing opportunity according to Bart Turtelboom, managing director and co-head of global emerging markets at New York-based GLG partners. Turtelboom is an expert in emerging markets, having previously worked in emerging markets at Deutsche Bank and the International Monetary Fund (IMF).

He was recently interviewed by Sona Blessing for Opalesque Radio.

He explains that after the emerging markets currencies sell-off that happened in the second half of 2011, these currencies are ripe for new investment. In Q3 and Q4, investors were worried about the overall fragility of the banking system leading to a sell-off of emerging currencies for dollars and euros. This sell-off has significant impact "from a valuation perspective."

He goes on to say that new monetary policies like the Long Term Refinancing Operation (LTRO) from the European Central Bank and the announcement from the US Federal Reserve Bank that US monetary policy will hold through 2014 are "watershed events," in terms of their impact on emerging market currencies.

"Adding these two together, the tail risk in the market has largely been removed. And this allows us to focus back on what really matters - fundamentals."

Throug......................

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