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...