Reuters- Hedge funds specializing in emerging markets took in $9 billion in new money last year as strong performance at portfolios focusing on Russia, Africa and the Middle East wooed investors, data released on Monday show.
However, some industry experts say that trend may be interrupted after these portfolios, which scored strong returns in 2007, ranked among the worst performers in January 2008.
According to data from Hedge Fund Research, a firm that tracks flows and performance, last year’s flows helped boost assets in emerging market hedge funds to $110 billion.
