EM debt managers post further profits


Emerging market-focused debt strategies generally enjoyed solid gains in 2009 after making further progress in December.

At the top of the pile were Pharo Trading (81.55% YTD and 4.58% in December), VR Global Offshore (79.04% YTD and 7% in December), Finisterre Sovereign Debt (50.79% YTD and 2.50% in December) and Pharo Gaia (50.28% YTD and 3.06% in December).

Other big winners on the year include Adelante Sovereign High Yield (47.52% YTD and 1.20% in December), Finisterre Special Situations (45.38% YTD and 1.81% in December) and Finisterre Global Opportunity (35.52% YTD and 1.70% in December).

BlueCrest Emerging Markets ended