Browsing: Emerging markets

Emerging markets

Brave Phalanx: Asian Managers & Investors Remain Undaunted

May 21st, 2014 | Filed under: Alpha Strategies, Emerging markets

Investors continue to "crave for exposure" to Asia, and even to Japan. India is especially exciting to some, perhaps because of hopes for the near-term political success of the BJP. Read More

Tolstoy, Happy Families and Asian Managerial Success

Jul 8th, 2013 | Filed under: Hedge Fund Industry Trends, Hedge Fund Strategies, Alpha Strategies, Emerging markets, Alpha Seekers

Asset managers within the Asian boutique universe keep telling GFIA that "asset raising is hard" in the present climate. It isn't going to become easy any time soon, but there is a new level of stability.Read More

Allen & Overy Sides with Pari Passu Pessimists

Feb 26th, 2013 | Filed under: Alpha Strategies, Emerging markets

Allen & Overy’s white paper puts it among those who take a rather gloom-and-doom attitude toward the likely consequences of a recent Second Circuit decision on Argentina's default. Personally, I don't agree that the sky is falling on the sovereign debt market.Read More

Africa: Equities and Beyond

Nov 26th, 2012 | Filed under: Emerging markets

One of the Africa-oriented hedge funds showcased, Altree, expects that as the African market matures short opportunities will become available. Another, Nubuke Africa Multi-Strategy, makes a point of limiting its exposure to South Africa and Egypt (presumably the two most tempting countries of concentration) to no more than half its portfoilio, to ensure that its investments will remain pan-African. Read More

The Perils of Sterilization: Calvo (1991) Was Right

Sep 16th, 2012 | Filed under: Emerging markets

As Guillermo Calvo noted in 1991, one of the problems with sterilization is simply that the larger amount of government debt itself induces higher inflationary expectations "because sticking to a stable price level ... would make servicing the public debt excessively costly from a social and political point of view." Read More