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Soros-Backed Hedge Fund Starts EM Pool

April 16, 2018 : Permanent Link

(Bloomberg) Glen Point Capital LLP, a London-based hedge-fund firm that counts billionaire George Soros among its investors, has started a new strategy to target trading opportunities in emerging-market debt. The Glen Point Emerging Markets Debt Fund started trading in March with about $230 million in initial capital from one of its existing investors and is currently raising additional money, according to an investor document seen by Bloomberg News. The strategy will bet on sovereign debt and be managed by Glen Point’s head of credit strategy and partner Rodrigo da Fonseca and head of research Sean Shepley, the document shows.

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