Verde: Foreign Investors Overly Optimistic on Brazil’s Economy




In a monthly letter to clients, Brazil’s largest hedge fund, Verde Asset Management, said that foreign investors’ were overly optimistic about its home nation’s economy. Saying that foreign investors’ had “exagerated optimism,” the firm said that the sentiment was “disconnected from medium-term reality.” The fund said cautioned investors about the nation’s financial outlook, and said…






AXA IM Mergers Asian, EM Debt Teams into Single Global Emerging Debt Unit




AXA Investment Managers (AXA IM) has restructured its emerging market debt team as Damien Buchet’s August departure from the firm nears. AXA IM will merge its emerging market and Asian teams into one group to better address the importance of the global emerging market debt asset class to investors in the future. The newly merged…






Asian Hedge Fund Assets Hit Record, Top $177 Billion




Assets under management at Asian hedge funds reached a record $177 billion in May, according to new data from Eurekahedge. The tally exceeds the $176 billion managed by funds with an Asia mandate in December 2007, immediately prior the global financial crisis, noted Eurekahedge’s Alexander Mearns in an interview with Bloomberg. The news comes as…






GUEST COMMENT: By the Numbers – China’s Massive Economic Potential

GUEST COMMENT: By the Numbers – China’s Massive Economic Potential




By Michael Johnston. The incredible economic potential of China, with its massive population and surging middle class, can be difficult for U.S. investors to truly appreciate. Most investors are well aware of China’s growing importance to the global economy. Even those without a sophisticated understanding of financial markets generally know that China is a world power, home…






Oceanwood Raises $250M Fund For Bets on European Economic Recovery




Oceanwood Capital Management has raised $250 million in a new hedge fund to capitalize on economic recovery in Europe. Oceanwood has raised the capital from existing investors and plans to have a $350 million final close for the fund in September, according to a Reuters report. The new fund, named Oceanwood Peripheral European Select Opportunities…






Torbjorn Caesar Takes Helm At EM Fund Actis Capital




Torbjorn Caesar has been elected senior partner at emerging markets investment manager Actis Capital. Caesar assumed his new role effective yesterday, according to media reports. He succeeds Paul Fletcher, who has become non-executive chairman of the company. “I would like to thank Paul for the tremendous leadership he has provided to Actis over the past…






Asia Frontier Capital Newsletter – Country Report: Cambodia




After decades of political mismanagement and civil war, Cambodia has recently begun to capitalize on its economic potential. Since adopting free-market economic policies in the 1990’s and increasing its integration within the international community, Cambodia’s economy has flourished. From 1998 to 2007, Cambodia’s GDP growth ranked sixth in the world (9.8%) and fastest in the…






Russian hedge funds surge on oil, rouble gains

Russian hedge funds surge on oil, rouble gains




Emerging markets hedge funds have benefited from the strong recovery of the Russian Rouble, higher oil prices, lowering of interest rates by the Chinese Central Bank, and a surge in trading volume on the Shanghai-Hong Kong Stock Connect program.  As a result of these, hedge funds investing in Russia and China posted strong gains in…






Pelham Capital’s Martin Starting New Long/Short Fund




Daniel Martin is planning to launch a new long/short hedge fund based in London. The new effort, named Rye Bay Capital, will take long and short positions in a number of instruments across a variety of industries, according to a Bloomberg report. The new fund will reportedly launch in the fourth quarter of this year.…






Wong to Launch Long/Short Asian Equity Fund




Former TPG-Axon partner Wesley Wong is prepping an Asian-themed long/short equity fund for a third-quarter 2015 launch. Wong’s Oxbow Capital Management (HK) is reportedly in advanced discussions with Reservoir Capital Management regarding a $150 million stake, according to a Bloomberg report citing unnamed sources. It would be Reservoir’s first seed investment in an Asian-based startup,…






GSAM Launches Global Long/Short Equity UCITS Sub-Fund




Goldman Sachs Asset Management is offering a new high-conviction global equity portfolio to European clients. Managed by the company’s Goldman Sachs Investment Strategies team (GSIS), the Global Equity Long Short Portfolio is based on a fundamental, bottom-up approach and structured as a new sub-fund of the firm’s UCITS-compliant, Luxembourg-domiciled Goldman Sachs Funds SICAV, according to…






MNI Indicators survey: Business situation in Russia looking up




By Andrei Skvarsky. Deutsche Boerse-owned research company MNI Indicators argues, citing a survey of Russian companies, that the business environment in Russia improved considerably in May and that the current Russian economic crisis is past its worst.






Jupiter Launches Asian Income Strategy With New Hire




Jupiter Asset Management has hired Jason Pidcock to build an Asian income strategy for the investment firm. Pidcock joins Jupiter from Newton Investment Management, where he is manager of the £4.4 billion Newton Asian Income Fund. He will aid Jupiter in the launch and management of a similar strategy. The appointment will help Jupiter expand…