IAM puts credit and equity managers top of its agenda


Asian and emerging markets continue to offer the highest secular growth opportunities for the third quarter of 2010, according to Morten Spenner, chief executive officer at International Asset Management, a $2.4 billion fund of funds based in London. IAM believes credit and equity market conditions bode well for security selection and should in particular benefit long/short equity and credit managers.

For the first half of the year, emerging market funds of funds were up 1.03%, after they returned 0.12% in June. The HedgeFund Intelligence hedge fund manager composite for emerging markets debt in July the composite is up