Dramatic recent events in the Arab world, Africa and other
developing regions have delivered strong gains for one highly
individual hedge fund strategy that is invested in some of the
least crowded areas of the sovereign emerging market debt
The Adelante Exotic Debt Fund - a sovereign event-driven
strategy that specialises in investing in securities from
embargoed countries like Sudan, North Korea and Cuba - is up by
10% already this year after sharp spikes in the value of some
of its principal holdings.
The re-rating of the debt of some of the world's most
troubled and controversial nations results from...