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,… Continue Reading
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… Continue Reading
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. Continue Reading
Kudrin: Reforms of govt system main remedy for Russia’s economic woes
By Andrei Skvarsky. Former Russian finance minister Alexei Kudrin has argued that Russia badly needs to reform its government system to be able to heal its increasingly ailing economy. Continue Reading
Lamudi becomes Philippines property market leader after acquiring MyProperty.ph
Lamudi, a real estate portal with an emerging- and frontier-market network covering more than 30 countries, has gained the leading position in the Philippine’s property market by acquiring the country’s online real estate trader MyProperty.ph. Continue Reading
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… Continue Reading
Carlyle Raises €565M For Third European Technology Buyout Fund
Global alternative investments powerhouse Carlyle Group has closed on its third European technology and media buyout fund, raising €656 million. It is the company’s largest such fund to date. The fund, named Carlyle Europe Technology Partners III, shows the global appetite for tech and media companies in the region. It began raising money a year… Continue Reading
HFR: Hedge Funds Invested in China, Russia Leading Volatile EM Returns
Hedge funds invested in China and Russia have returned to industry-leading performance, driven by a recovery in the Russian ruble, higher oil prices, and a surge in equity trading in China, according to the latest HFR Emerging Markets Hedge Fund Industry Report. As a result of these developments, hedge funds investing in Russia and China… Continue Reading
EXCLUSIVE: According to Canrim, Mongolia’s resource sectors may be a feast for investors
In this interview with EmergingMarkets.me, Ranjeet Sundher, president of Mongolia-focused company Canrim Development Pte Ltd.,* speaks about the Mongolian government’s moves to improve the business climate in the ex-communist country and explains why you can’t really go wrong investing in its resource industries. Continue Reading
Rokos Capital Hires Former Brevan Partner Borislav Vladimirov
Former Brevan Howard co-founder Chris Rokos has hired Borislav Vladimirov to help build a new hedge fund, Rokos Capital Management. The new fund is expected to become one of the largest European launches since the financial crisis. Vladimirov, a former partner at Brevan Howard, started working with Rokos last month. According to Bloomberg, he will… Continue Reading
Hedge funds climb in April as Chinese, EM equities surge
Hedge funds posted gains in April as regional equity and currency markets across China, Russia, Brazil and the Middle East posted sharp gains. Volume surged on the Shanghai/Hong Kong Connect program to a daily record driving Chinese A-shares to a gain of over 18 per cent for the month. The HFRI Fund Weighted Composite Index®… Continue Reading
Duet appoints Fugmann and Lees as co-CIOs of natural resources long/short equity fund
Duet Group, a USD5.5 billion global alternative asset manager, has appointed Ulrik Fugmann and Edward Lees has senior managing directors and Co-Chief Investment Officers of Duet Natural Resources. Fugmann and Lees, the founders of North Shore Partners, are integrating their strategy and business into Duet, adding to the group’s strong commodities and emerging market franchise.… Continue Reading
Asia Frontier Capital Newsletter – Country Report: Saudi Arabia
This month’s country report profiles the Kingdom of Saudi Arabia (KSA). While Asia Frontier Capital does not currently invest in Saudi Arabia, we are always evaluating frontier markets that may possibly hold investment potential. For example, Nepal and Bhutan are both in our fund’s investment universe, although we cannot currently invest in either country. Iran… Continue Reading
Guest Comment: Dubai, the Brits’ place in the sun
By Azam Butt, Editor at Bayut.com, a Dubai-based real estate portal. Dubai has been constantly cementing its position as a global investment magnet, courtesy of the its thriving hospitality, tourism and real estate sectors. Continue Reading
Head of EMEA Business Development – Asset Manager – London
Our client is a well-established institutional investment management firm ($10bn+ in AUM) specializing in fixed income and currency risk management. They are looking to add a Director of Business Development to their London office. This exciting and newly created role will support the firm’s growth and expansion in the EMEA region. Reporting to the Global… Continue Reading
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SkyBridge Capital Opens Office In Seoul
SkyBridge Capital, a global alternative investment firm with approximately $13 billion in assets under management and advisement, has opened an office in Seoul, South Korea. Michelle Cha, who has more than 10 years of industry experience including roles in sales, marketing, global investment and research from various financial institutions, has joined as a vice president… Continue Reading
Lamudi says Pakistan emerging markets leader for eco-friendly homes
Pakistan leads the emerging markets for eco-friendly and energy-efficient homes, while Bangladesh is the emerging market country with the most environmentally-friendly commercial property, a study by global real estate portal Lamudi shows. Continue Reading
Lombard Odier: Oil, other commodities to stay cheap for quite a while
By Andrei Skvarsky. Swiss bank Lombard Odier’s chief economist argues that low prices for oil and other commodities are here to stay. Continue Reading
New Ukraine – Investment Conference – May 13-15th 2015
Empire State Capital Partners, along with its trusted partners and co-sponsors, is pleased to invite you to our annual investment conference, “New Ukraine 2015”, to be held in Kyiv, Ukraine on May 13-15th, 2015 at NSC Olimpiyskiy. Government officials, local business leaders and globally-renowned speakers will take part at the event. The conference will address… Continue Reading
MNI Indicators: Consumer sentiment in Russia at record low
By Andrei Skvarsky. MNI Indicators, an intelligence unit of Deutsche Boerse, says consumer sentiment in Russia hit its lowest point last month since the firm launched its monthly surveys of it in March 2013. Continue Reading
Emerging Markets Equity Portfolio Manager – London
Our client is a well-established Alternative Investment Management firm which invests across different asset classes and markets. Currently they are looking for an experienced Emerging Markets Equities Portfolio Manager to join their London office and spearhead a new fund launch. The current AUM across the firm is in excess of $5bn. The successful candidate will… Continue Reading
Asia Frontier Capital Newsletter – Country Report: Iraq
AFC Country Report: Iraq – The post conflict opportunity To mark the upcoming launch of the AFC Iraq Fund and to follow up on our recent in-depth coverage of Iraq in our previous newsletter (click here), this month we will be covering the post-conflict opportunity of Iraq. Country snapshots for all of AFC’s markets can… Continue Reading
Lamudi says Dhaka has emerging markets’ cheapest office space
Global online real estate trading platform Lamudi has named the capital city of Bangladesh as the most affordable location in the emerging markets to buy commercial property. Continue Reading
Corporate Credit Research Analyst (LatAm) – New York
We are looking to source a LatAm Corporate Credit Investment Analyst for a highly reputable global asset manager’s New York based team. This fund invests across a range of Emerging Markets including leveraged finance, structured bank loans, mezzanine, high-yield, credit derivatives, investment grade and structured finance and utilise bottom-up approach across all of their offerings.… Continue Reading
Catterton Nabs Eton Park Team for New LATAM Fund
Private equity firm Catterton has hired several Eton Park associates to form its first Latin America fund. Former Eton Park executives Dirk Donath and Ricardo Salmon are joining Catterton along with several team members from Eton Park, according to media reports. Donath, who joined Eton Park in 2005 and has extensive experience with illiquid emerging… Continue Reading
Motilal Oswal Asset Management Launches India Zen Fund
Motilal Oswal Asset Management Company (MOAMC) has launched an offshore hedge fund through its Mauritius-based investment management company. The long-only-bottoms-up fund, called India Zen Fund, hopes to raise $100 million by December 2015. The fund will specialize in investing in Indian mid-cap securities with a private equity-style diligence approach, the company said in a statement.… Continue Reading
Sberbank: Russians slightly more upbeat about economy but thriftier
By Andrei Skvarsky. Surveys by Sberbank, Russia’s biggest lender, suggest that the average Russian was slightly more optimistic about the country’s overall economic situation but thriftier in the first quarter of 2015 than in the last three months of 2014. Continue Reading
IronFX: Greece’s payment to IMF, domestic spending threaten new recession
Cyprus-based foreign exchange trader IronFX warns that Greece’s promised debt payment to the International Monetary Fund on April 9 and domestic social spending planned for this month may send the country’s economy back into recession. Continue Reading