A profitable foray into Greek debt has been one of many diverse
contributors to a strong performance this year by Julian Adams'
long-running Adelante Emerging Debt Fund - a strategy that
targets improving and deteriorating sovereign credits, as well
as official debt restructurings, in the fast-expanding and
increasingly opportunity-rich global sovereign debt arena.
The fund, which Adams has been running continuously since
launch in 1999 under a variety of different ownership
structures, is up by over 10% this year in what has been a
fairly buoyant period for emerging market debt managers.
Over its 13-year history, the fund has generated a total
return of more than 600% and an annualised return of...