Performance

Recovery propels emerging market strategies

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It was another storming month for emerging market equity and debt funds - with a handful of emerging market equity funds already up by over 100% for the year after September's big gains.

These include Russian Prosperity, FPP Emerging Hedge, Caddis, UFG Russia Alternative Fund and the Spectrum CIS Value Fund.

On the debt side, the biggest winner was VR Global Offshore, which gained an impressive 11.34% on the month and is now up 58.10% for the year. BlueCrest Emerging Markets gained nearly 10% on the month and is up 36.78% YTD.

Several other funds posted gains north of