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.
Tag : ashmore
The UK asset manager has hired 11 staff locally, but admits it will take time to build a track record and brand in what is an embryonic funds market.
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But this approach by developed-country governments is allowing emerging-market banks to take the lead in servicing investors in their local debt markets, argues Jan Dehn.
Ashmore and BNP Paribas Investment Partners are both understood to be exploring the sale of dedicated Asian credit products.
