LONDON (Reuters) – At least eight European hedge funds are releasing portfolios betting on a healing in business debt and emerging markets after the coronavirus pandemic triggered the most significant market rout in a generation.
SUBMIT PHOTO: A screen displays trading info over the flooring of the New York Stock Exchange ( NYSE) in New York, U.S., March 18,2020 REUTERS/Lucas Jackson/File Image
The fund managers are wishing to duplicate the success of firms that cashed in when markets rebounded after the monetary crisis, a rally that cemented the credibilities of significant financiers such as Brevan Howard, Bridgewater and John Paulson.
” We are seeing a lot of interest in new fund launches, either due to the fact that of opportunistic supervisors or those who have a technique that fits the existing environment,” said Sean Scott, a legal representative at MJ Hudson, which recommends fund supervisors.
Fund managers and service providers informed Reuters that seven hedge funds focused on credit and equities have either released or plan to launch portfolios because the start of March while another credit fund got under method in the previous couple of weeks.
With 8 launches given that the start of the pandemic and more funds pressing ahead with plans currently in place, the market is on track to at least match the variety of credit and repair