Emerging Markets, Emerging Russia, Emerging Views
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By Ivan Anderzhanov
A senior shake-up at Credit Suisse has left the investment bank without a Moscow-based head to cover the Russia, the CIS and Turkey region.
The current incumbent Fawzi Kyriakos-Saad is moving to London to replace Eric Varvel as head of Europe, Middle East and Africa region. Varvel has been [...]
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By Andrei Skvarsky
Investors in the Gulf countries are looking to significantly increase their exposure to emerging markets, according to a survey by UK investment company Invesco Perpetual.
Some 82% of respondents forecast they would invest in emerging markets over the next three to five years. This compared to just 30% for North America, 14% for Europe [...]
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By Marcus Williams
BofA Merrill Lynch has beefed up its EMEA research platform with three hires as part of a new EMEA economics and fixed income strategy group.
Arko Sen joins the group with seven years of experience in emerging EMEA fixed income strategy, most recently at Barclays Capital, along with Jean-Michel Saliba who has five years [...]
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By Chris Weafer, Chief Strategist at UralSib Capital
Investors still favour emerging markets. Global market uncertainties, such as the Greek debt restructuring, have not yet dissuaded investors from continuing to raise exposure to the emerging market asset class. Having put around $75bn into EM funds in 2009, most of which was a switch from US equity [...]
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By Marcus Williamsa
IPM Informed Portfolio Management, a Swedish fund manager, is launching a new emerging markets fund and has already raised €50m.
IPM, which has $8bn in funds under management, said its new vehicle is part of a Luxembourg based UCITS III Fund (SICAV) and is open to institutional and retailer investors.
Jonas Rinne, chief executive of [...]
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By Ivan Anderzhanov
Investors are set to accelerate commitments to emerging markets private equity in a bid to find new high growth markets, according to a report by the Emerging Markets Private Equity Association.
Institutional investors believe that emerging markets are attractive for private equity investment, both on a standalone basis and [...]
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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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