Emerging markets bonds and equities have taken divergent paths in 2011 despite having similarly strong long-term outlooks.
Emerging markets bonds have taken on some of the safe-haven status of their developed-markets cousins, while emerging markets equity performance has lagged that in developed markets.
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“Emerging markets debt has been a marvelous way for investors to get exposure to emerging markets currencies, especially for those investors in developed markets” whose currencies have been comparatively weaker, said James B. “Jamie” Rosenwald III, co-founder and senior portfolio manager for Asian equities at Dalton Investments LLC, Santa Monica, Calif. Read More>>
Finding opportunity in debt is easy, say the guys at Dalton Investments. All you have to do is travel the globe.
Steven Persky and James Rosenwald clearly didn't spend much time coming up with the name of their hedge fund firm. They named their company, founded in 1998, after the exclusive private school they attended together…. Read More>>
James Rosenwald, a New York stockbroker, visited Japan in 1966. He put a question to the chairman of Osaka’s Fuji Fire & Marine Insurance: How much is Fuji’s headquarters building worth? The answer surprised him. It was worth more than the market value of the company. Rosenwald began buying Japanese insurance stocks and made a lot of money for himself and his clients.
Fast forward to 1991. Rosenwald’s grandson, James B. (Jamie) Rosenwald III, goes to Seoul, South Korea… Read More>>