VR Global leads the way as emerging market debt strategies score again


Emerging market debt managers generally had a very good time of it in March, with Richard Deitz's VR Global Offshore global emerging markets and distressed fund leading the way with a gain of over 13% on the month for a stunning 12-month return of almost 120%.

Guillaume Fonkenell's well-performing Pharo operation was also on form again - with the firm's Pharo Gaia strategy up 7.93% and the flagship Pharo Trading fund gaining 4.64% to show a 12-month return of 59.34%.

The Finisterre stable had another strong month - with all three of the firm's funds generating good gains. Finisterre Special