EM debt and equity funds mostly keep good run going in January


Emerging market equity and debt managers generally continued their strong performance from 2009 into the first month of 2010, despite the increasingly volatile and unsettled world markets.

Among equity strategies, BlackRock Eurasian Frontiers gained 9.4%, while the new Armajaro Emerging Markets fund was up 7.58% and is now annualising at more than 50% since its inception in August last year.

Russia funds had a good time of it for the most part - with the big Russian Prosperity fund and UFG Russia Alternative both up more than 6% on the month - although Bill Browder's Hermitage, which is embroiled in