Hedge Fund That Called Emerging-Market Selloff Sees Turnaround
- Visser called ‘significant correction’ at peak of stock rally
- He favors Brazilian real, Mexican peso and Chinese stocks
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The hedge fund veteran who predicted the peak of the emerging-market rally says a seven-month rout is almost over.
Jordi Visser, chief investment officer at the $1.7 billion hedge fund Weiss Multi-Strategy Advisers in New York, said a turnaround may be near. Since he called a "significant correction" in late January, MSCI’s gauge of developing-nation shares has plummeted 19.9 percent and currencies from Argentina to Turkey have hit record lows, leading to fear of contagion across emerging markets.