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Matthias Knab, Opalesque: Sloane Robinson, the once-$20 billion emerging markets hedge fund that converted to a family office in 2020, is staging a comeback with a new long-short equity strategy that's already trouncing broader markets.
The SR Ocellus Fund, launched in January 2024, has surged 15.4% year-to-date through February - and tacked on another ~6% in March - as its unorthodox approach to emerging markets pays off early, people with knowledge of the plans said, asking not to be identified because the details are private.
The strategy, led by Chief Investment Officer Ed Lam who joined in 2023, aims to take a differentiated approach, viewing EM as subordinate currency regimes with a sharp focus on banking systems. This differentiated lens allows the team to identify mispriced assets and mitigate risk, generating consistent, risk-adjusted returns. The Fund will invest in traditional EM and other countries that exhibit similar recovery dynamics with variable net exposure.
Once a heavyweight in Asian and EM equities, Sloane Robinson shuttered its hedge fund operations in 2020, returning outside capital to become a family office. Now, with Lam - an award-winning EM investor - joining in 2023, the firm is reopening to external money, albeit on a smaller scale. Current assets stand at $330 million, a far cry from its peak but with ambitions to grow.
Founders Hugh Sloane and George Robinson, legends in EM investing, remain actively involved, lending their...................... To view our full article Click here
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