BlueOrchard Fund Has a Money-Making Strategy Amid EM Tumult
- Firm has one of two large EM funds with positive returns
- Manager Juhen has eked out a 2.5 percent return this year
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Sebastien Juhen’s simple investment strategy, inspired by a two-year bike ride across the Americas, is paying dividends for investors at a time when almost everything else in emerging markets is in freefall.
Eschewing the derivatives favored by others, the money manager who runs BlueOrchard’s $1.6 billion Microfinance Fund has eked out a 2.5 percent return this year. That makes it one of only two of the 251 emerging-market funds bigger than $1 billion to have gained at all in dollar terms, according to data compiled by Bloomberg. Emerging market equities sank into a bear market last week.