Approach
Emso's investment approach is sophisticated and granular. The team focuses on identifying idiosyncratic opportunities across emerging markets.
Our process analyzes the relevant political, legal, technical, and economic risk factors of each investment opportunity. We use comprehensive risk analysis on our portfolios with the aim of minimizing drawdowns.
Our approach seeks to provide positive and uncorrelated long-term returns through active management in a historically volatile asset class. Emso's portfolios benefit from over 20 years of development and integration of trading, settlement, technology, and risk management within one firm.
Core Investment Competencies
Experienced, integrated team
focused on four areas
Sovereign and Quasi-Sovereign Fixed Income
Investing in sovereign and quasi-sovereign fixed income opportunities, including those that have a complex political or credit story.
Local Markets
Investing in interest rates and currencies across emerging markets, using local currency government bonds, bills, or derivatives.
Corporate Credit
Investing in non-government related corporate credit opportunities within emerging markets.
Private Credit
Investing in scalable asset backed lending platforms targeting SMEs and consumers in Latin America, CEEMEA, and India.
The Four Lenses
The investment lenses constitute the essential components of our fundamental research process, and together they inform our investment decisions. Environmental, Social, and Governmental (“ESG”) factors and attendant ESG risks are also assessed by the firm at the research level.
- Political
- Economic
- Technical
- Legal
Portfolio Construction Process
Fundamental analysis
with daily review
- 01
Macroeconomic analysis
Identifying countries, regions, and investible securities of interest.
- Focus Countries Identified02
DETAILED RESEARCH
Fundamental analytical review, legal research, frequent travel to target countries, and use of local advisors.
- Opportunities Identified03
ANALYSIS OF INVESTMENT OPPORTUNITY
Analyze all opportunities including sizing and hedging of individual positions and portfolio themes.
- Investment Decision04
DAILY PORTFOLIO REVIEW
Review of market developments and portfolio hedges, involving all relevant portfolio managers and research analysts.
Three Investment Strategies
Emerging markets fixed income
investing across three core strategies
ABSOLUTE RETURN
Strategic and tactical asset allocation, investing in the broadest range of investment products.
UNCONSTRAINED LONG ONLY
Strategic asset allocation in predominately long-only investments, aiming to outperform emerging market bond indices.
EM PRIVATE CREDIT
Private credit investments with a multi-year investment horizon.
Opportunistic and tailored strategies are also offered to meet specific needs of institutional investors.