Asian and emerging markets continue to offer the highest
secular growth opportunities for the third quarter of 2010,
according to Morten Spenner, chief executive officer at
International Asset Management, a $2.4 billion fund of funds
based in London. IAM believes credit and equity market
conditions bode well for security selection and should in
particular benefit long/short equity and credit managers.
For the first half of the year, emerging market funds of
funds were up 1.03%, after they returned 0.12% in June. The
HedgeFund Intelligence hedge fund manager composite for
emerging markets debt...