World’s Biggest Public Hedge Fund Bets on Emerging-Markets Rout
- Correction is coming within two months, says Man Group Plc
- Man Group’s EM debt fund outperformed 99% of peers last year
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The world’s largest publicly-traded hedge fund is bracing for a selloff in emerging markets, a view that pits it against bulls at some of Wall Street’s biggest investment banks.
This year’s spectacular rally in risk assets isn’t justified by improvements in economic fundamentals and is set to reverse, according to Man Group Plc, which manages $138 billion in assets, almost half of them within Europe, the Middle East and Africa.