Hayground Cove takes a novel route to the emerging markets


At a time when many hedge fund managers are fleeing the volatility of the emerging markets in favor of more tranquil locales, Jason Ader and his $1.46 billion Hayground Cove Asset Management are making a significant move into India.

 Jason Ader

But Ader's venture is much more creative than simply making straight equity or debt purchases - and the specialist in the gaming and lodging industries is using it to limit the risks of emerging market investing.

Ader is set in July to offer on the Alternative Investment Market of the London Stock Exchange $150 million of