With emerging markets suddenly in flux and investor concerns
about the continuing future of their long bull run on the rise,
John Moon's $1.8 billion Moon Capital Management is in the
midst of its first significant capital raising since its launch
Surprising for this emerging markets-focused long/short
equity manager? Not really.
Volatility always creates opportunities for good stock
pickers, and downward corrections in particular provide the
chance to pick up cheap stocks that are sure to rise later. But
beyond that, Moon Capital's approach is, in some ways, the
antithesis of the typical fund that concentrates on emerging
markets, and as a result, he tends to perform best when
emerging markets are under pressure.
Foremost a market-neutral manager, Moon's goal is first to
preserve capital, and second to achieve modest returns of 10%
to 15%, while taking on minimal market exposure and