Emerging-markets investment strategy
Investing in stocks or bonds issued by companies and government
entities in developing countries, usually in Latin America, Eastern Europe,
Africa and Asia. Such funds typically employ a short- to medium-term holding
period and experience high volatility.
Event-driven investment strategy
An approach that seeks to anticipate certain events, such
as mergers or corporate restructurings. Such funds, which include risk-arbitrage
vehicles and entities that buy distressed securities, typically employ
medium-term holding periods and experience moderate volatility.