Emerging Market Hedge Funds Outperform in another Sub-Par Year; BTG Pactual & Contrarian Capital Lead the Way
|October 22nd, 2012||
|A few hedge funds that have bet heavily on emerging markets are reaping double-digit gains in a year of sub-par returns for the hedge fund industry. As reported by Reuters, Emerging market-focused hedge funds have posted an average year-to-date return of nearly 8 percent versus the industry average of 5 percent. |
Individually, BTG Pactual Global Emerging Markets and Macro Fund, and Contrarian Capital Management gained 20 percent and 13.3 percent, respectively. On the other end of the spectrum some emerging market-focused hedge funds have been slammed, such as the Louis Bacon’s Moore Emerging Equity Long/Short Fund, which is off 16.4 percent.
For Detailed Investor Profiles on these Investors, click below: