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Business Recorder: 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 ‘Business Recorder’ website.

Posted on the 26/08/2013 at 11:06am by joana.