Weaker emerging market currencies have hit investors who allowed bond managers to talk up the returns of local currency bonds. To get a full view of the damage, look back two years.
Hugo Cox
Indonesia and India face structural obstacles to economic growth from the double whammy of weaker currencies and high oil prices. Lack of fuel subsidy reform is holding both back.
Hedge funds, urged by banks to buy big into EM debt ahead of Japanese institutions, were left high and dry, says the UK fund house's co-head of research.
The bank's senior economist, Frederic Neumann, highlights three reasons why investors should be worried as Asian growth appears predicated on pumping economies full of credit.
Emanuele Ravano of Pimco outlines how the latest sovereign problems in Europe have prompted a significant reorganisation of the asset manager's fixed-income strategies.
Nyenburgh CEO Alan Donohue explains why flash trading is expanding more slowly than anticipated, despite efforts by stock exchanges to attract such players.
Dexion Capital’s Robin Bowie explains why hedge-fund returns have languished this year, and pitches structures to return the sector to higher performance.
RCM’s global chief investment officer Lucy MacDonald argues that performance comes from underweighting banks and that clarity on the sector is needed in Europe.