Reuters: Analysis – Sovereign funds’ fortunes turn as emerging assets sour

“(SWFs) are the ones who got involved but they were not in private equity. They owned public equities and bonds. That’s the big distinction,” said Stephen Jen, managing partner of London-based hedge fund SLJ Macro Partners.

“Because institutional infrastructure is so fragile and non-transparent in emerging markets, it’s much better, risk-adjusted, for you to have a bigger presence in the company that you invest in. I can see with private equity how people make money in emerging markets if they are careful.”

Read the original article on the ‘Reuters’ website.

Posted on the 21/08/2013 at 3:59pm by SLJ Macro Partners LLP.