Emerging Markets, Emerging Russia, Emerging Views
By Marcus Williams
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Emerging markets investment house Ashmore Group said half-year net profit jumped 40% to $172 million after markets bounced back.
The London-listed company had previously reported that assets under management increased $500 million to $31.6 billion in the three months to Dec. 31, due to $300 million of new cash and $200 million of positive [...]
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By James Ladue from Emerging Manager Focus
The New York State Common Retirement Fund (CRF) made 10 investments on behalf of the pension totaling more than $446 million in value and closed four transactions in its private equity portfolio totaling $160 million throughout December 2009, according to Hedge Fund.net’s Marc Raybin. For its private equity portfolio, [...]
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By Marcus Williams in London
The £21bn USS pension scheme in the UK has hired an emerging markets team charged with leading a push into the asset class.
The fund, which is the second largest private sector pension fund in the UK, has hired Carmel Peters, Danila Gallarato and Chris Shale to boost its emerging markets expertise.
Peters [...]
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By Emerging Manager Focus
Morgan Stanley Investment Management (MSIM) has launched its Emerging Manager Program (EM Program). Seeking to provide capital, strategic advice and infrastructure solutions to emerging asset managers, “EM Program” will partner with long-only (equity and fixed income) and alternative minority and women-owned asset managers.
The program has a specific emphasis on minority and women-owned [...]
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By Marcus Williams in London
Stock markets in emerging economies of Brazil, Russia, China and India registered double or triple-digit gains in the noughties compared to the US equities market which shed almost 20%.
Emerging market rallied more strongly than their emerging market counterparts over last year after being hit more severely by the 2008 international credit [...]
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Jerome Booth, Head of Research at Ashmore Investment Management comments on the global backdrop for emerging markets over the past year and forecasts an encouraging future for EM asset classes.
Reviewing some of the key themes in 2009:
· Whilst there was global disruption to cross-border finance, the main negative impact on selected emerging countries has been [...]
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By Jerome Booth, head of research and Ousmene Mandeng, head of public sector investment advisory at Ashmore Investment Management
SUMMARY: The recent re-imposition of a financial transactions tax in Brazil has led to renewed press speculation about capital controls. Brazil has since followed with more measures to encourage capital outflows, and further market friendly measures may [...]
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By Ivan Anderzhanov in Moscow
Former Citigroup banker Tom King will become head of investment banking for Europe, the Middle East, and Africa (EMEA) at Barclays Capital in December.
King will replace John Winter who will become chief executive of Barclays corporate bank. He will report to Barcap’s head of global investment banking Hugh ‘Skip’ McGee.
The [...]
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By Ivan Anderzhanov in Moscow
Russia-dedicated funds last week registered an outflow of some $43m, which broke its the run of eight consecutive weeks of positive flows.
According to data compiled by global fund tracker EPFR, Russia-dedicated funds had attracted a record $451m for the week ending October 28. However, this was followed $43m outflows for the [...]
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By Ivan Anderzhanov in Moscow
The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group yesterday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe.
Meeting in Istanbul at the World Bank and International Monetary [...]
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By Ivan Anderzhanov in Moscow
Emerging market equities have surged by 60% over the second and third quarters, making them the best two quarters of return on record, according to a report issued today by Merrill Lynch.
Emerging market Asian equities rose by 18.7% in the third quarter and 58% in the past two quarters, the [...]
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By Ousmene Mandeng of Ashmore Investment Management
Reserve currencies move around more than meets the eye. The fall of the British pound and coincident rise of the dollar during the inter-war and immediate post-war period is often portrayed as the only historic precedent of a change in international currency hegemony. Yet, the rises of the [...]
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