Hedge fund managers expect emerging-market hedge funds to be become increasingly important. According to a survey by KPMG, almost 40% of hedge fund managers expect emerging-market hedge funds to be used most over the next three years. Just 17% considered the sector to have been crucial over the past three years.
"Events this year have reminded investors to question the extent to which a sector has become crowded. If you're looking for new hedge fund strategies, you have a better chance of good returns in a sector that is uncrowded. This remains the case in the emerging-markets space," says Hugh Willis, who is CEO of Bluebay Asset Management, which...
