{"id":4534,"date":"2006-06-05T00:00:00","date_gmt":"2006-06-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"fimat-to-stay-with-hedge-funds-in-emerging-markets","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/06\/2006\/fimat-to-stay-with-hedge-funds-in-emerging-markets.html","title":{"rendered":"Fimat to stay with hedge funds in emerging markets"},"content":{"rendered":"<p>Reuters &#8211; Hedge funds will not walk away from the potential of emerging markets despite the recent rout, and neither will the banks who facilitate their trading, FIMAT International&#8217;s head of primebrokerage told Reuters.<\/p>\n<p>  Banks&#8217; prime brokerage divisions offer custody, settlement, financing, risk management and reporting services to hedge funds. Fimat is the brokerage arm of French bank Societe Generale.<\/p>\n<p>  Philippe Teilhard de Chardin, managing director of FIMAT&#8217;s Alternative Investment Solutions unit in London, said the current turbulence in emerging markets would blow over because their growth  potential could not be disputed.<\/p>\n<p>  &#8220;Asia and Latin America are areas of growth&#8230; In Asia, trading volumes haven&#8217;t reached the levels they reached before the crisis in the late 1990s,&#8221; he said in an interview this week.<\/p>\n<p>  Russian default sparked an emerging market crisis in 1998 and prompted investors to retreat to traditional safe havens such as U.S. Treasury bonds and the Swiss franc.<\/p>\n<p>  Jitters about a global economic growth slowdown and a wave of risk aversion this time has triggered a retreat from stock markets around the world, especially in emerging markets where currencies  have also been hit.<\/p>\n<p>  But the damage should be more muted because corporate balance sheets are healthier now and borrowing through equity markets, local currency bonds and dollar-denominated bonds is more balanced,  Teilhard de Chardin said.<\/p>\n<p><img decoding=\"async\" border=\"0\" src=\"http:\/\/feeds.feedburner.com\/reuters\/UKFundsNews?g=901\"><br \/><a href=\"http:\/\/feeds.feedburner.com\/reuters\/UKFundsNews?m=901\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge funds will not walk away from the potential of emerging markets despite the recent rout, and neither will the banks who facilitate their trading, FIMAT International&#8217;s head of primebrokerage told Reuters. Banks&#8217; prime brokerage divisions offer custody, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4534","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4534"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4534\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}