EM debt managers ride market upswing


Emerging market debt strategies enjoyed another strong month in June, continuing a powerful bounce-back from last year.

VR Global Offshore posted the biggest gain, netting nearly 13% in June alone to bring its YTD gain up to 25.38%, while BlueCrest Emerging Markets was up 5.25% for a YTD return of 18.15%.

UFG's new Credit Opportunities fund, which launched in January, confirmed the excellence of its timing with another gain of 2.5% in June to take its return to 22.66% after its first six months of trading.

Pharo Master Fund was up 1.04% for a storming six-month return of 39.48%,