SkyBridge Sees Up to $50 Billion in Emerging Outflows
This article is for subscribers only.
Anthony Scaramucci’s SkyBridge Capital says the rout in emerging-market assets will deepen, pitting the firm against calls by BlackRock Inc. and Templeton Asset Management that shares are cheap and will lure buyers.
Developing-nation assets are set to lose another $25 billion to $50 billion in net outflows over the next year, said Troy Gayeski, a partner and senior portfolio manager at SkyBridge. While SkyBridge has been considering investing in emerging markets since the third quarter of 2012, the firm hasn’t found prices attractive enough yet, he said.