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German short selling ban hits markets in Europe and beyond
Emerging markets have been hit today by the euro’s continuing decline and Germany’s sudden partial ban on naked short selling. The reaction has been less dramatic than was feared in some financial...
View ArticleBrazilian M&A: JPMorgan to buy Gávea hedge fund?
Brazil’s M&A rumour mill is in action again, this time over JPMorgan and Gávea Investimentos, a Rio de Janeiro hedge fund set up in 2003 by Armínio Fraga, former governor of the central bank, with...
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JPMorgan’s big Brazil buy
After months of speculation, JPMorgan is finally set to buy Gávea, a Rio de Janeiro hedge fund run by Arminio Fraga (pictured), former central bank governor and one of the brightest stars in Brazil’s...
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South Africa: tough talk on hedge funds
After American and European hedge funds were battered by the financial crisis, regulators quickly targeted them for a new wave of regulation. Their South African counterparts got off reasonably lightly...
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Abu Dhabi seeks exposure to Russian growth
While they have piled into Brazil, China and India since the financial crisis, Middle Eastern investors have tended to avoid Russia, deterred by the country’s poor reputation for corporate governance...
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Templeton hedge fund: rumour or fact?
Mark Mobius, chairman of Franklin Templeton’s emerging markets group, is one of the world’s best known fund managers. So when he says he is thinking of setting up a hedge fund, the financial services...
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Hedge funds in Mena: bigger than thought
As much as $10bn was invested in hedge funds focused on the Middle East and north Africa before the 2008 financial crash, says a report by Hedgefund.net, a US-based research house. The downturn caused...
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TCI takes on Coal India
A wake-up call for complacent corporate India from The Children’s Investment Fund, the UK-based activist hedge fund. It sent a letter on Monday to Coal India – in which TCI’s 2 per cent stake makes it...
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Arcapita: sharing the pain around
Bahrian’s Arcapita bank has thrown creditors a bit of a curve ball. The bank has decided to file for bankruptcy protection in the US after talks over an upcoming bank maturity of $1.1bn on March 28...
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Fund file: feeling hedged in in S Korea
When South Korea brought in its hedge fund amendments last year to stimulate the formation of a local industry, many predicted it would grow rapidly and soon overtake the $30bn private equity fund...
View ArticleYo ho ho! Argentine ship seized
There’s been a lot of water under the bridge since Argentina’s debt default of 2001 but some creditors haven’t given up the fight to get their money back. An Argentine tall ship with 200 crew has been...
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Ghana: ship’s going nowhere (for now)
Hedge fund 2, Argentina 0. A court in Ghana has rejected an appeal by Argentina to release the navy vessel ARA Libertad, after the ship was seized last week at the request of NML Capital, a hedge...
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‘I’ve been able to be me at Goldman’
Jim O’Neill, retiring chairman of Goldman Sachs Asset Management and author of the “Bric” acronym, has no idea what he will do after he clears out his office on London’s Fleet Street in a few weeks....
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EM Asia luring hedge funds back to Singapore shophouses?
Singapore’s Club Street is one of its liveliest spots for the bar-hopping crowd and is a good indicator of the economic “feel-good factor” in the Asian city state. It is also an indicator of the health...
View ArticleEM turmoil: good for volatility investors
It’s worth remembering when the markets headlines are all doom and gloom: there’s (almost) always someone winning. It all depends on your position: short sellers are pretty happy when markets fall....
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Fund Watch: EM healthcare is sole focus for Sectoral fund
Unhealthy lifestyles are spreading through emerging market (EM) economies as people adopt fast-food diets, work in stressful and sedentary jobs and contend with worsening pollution. These are unwelcome...
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Guest post: mining nuggets among China’s “A-shares”
By Stuart Rae and John Lin, AllianceBernstein Despite a slow start following its launch in November, the Shanghai-Hong Kong Stock Connect share trading scheme has significantly increased foreign access...
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