Get Into Emerging Markets, Credit Suisse Prime Broker Says

(Bloomberg) Hedge fund managers should shrug off the recent turmoil in emerging markets because they’ll offer better returns than the U.S. in coming years, according to Credit Suisse Group AG’s head of risk advisory. Returns in North America are being driven by fewer assets, while inefficiencies in emerging markets give hedge funds greater opportunity to add value, Mark Connors, the New York-based global head of risk advisory on the Swiss bank’s prime services team, said in a Bloomberg Television interview Wednesday.

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