Abu Dhabi hedge fund makes $300m emerging-market wager

  • Date: 27-Aug-2020
  • Source: Gulf Business
  • Sector:Financial Markets
  • Country:UAE
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Abu Dhabi hedge fund makes $300m emerging-market wager

Tensai Holding Co., a family office that manages $3bn of hedge-fund and private-equity investments, is putting more money into emerging-market stocks and distressed debt as it expects Asia to outperform the rest of the world.

The firm's quantitative hedge fund is investing $300m to $400m in the developing world this year, as much as 15 per cent more than in 2019, said Soufyane Al Hayan, the president of Tensai in Abu Dhabi.

The manager has already moved about 90 per cent of that money into markets such as China and India, after cutting some positions in developed markets, he said.

Returns on emerging-market stocks, which erased all of their 2020 losses on Tuesday, are set to surpass developed markets in the first half of next year, Al Hayan said.