Copyright© 2020 Emso Asset Management Limited

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 15 years of development and integration of trading, settlement, technology, and risk management within one firm.

Core Investment Competencies

Experienced, integrated team
focused on three 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.

The Four Lenses

The investment lenses constitute the essential components of our fundamental research process and together they inform our investment decisions.

  • 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 Identified
    02

    DETAILED RESEARCH

    Fundamental analytical review, legal research, frequent travel to target countries, and use of local advisors.

  • Opportunities Identified
    03

    ANALYSIS OF INVESTMENT OPPORTUNITY

    Analyze all opportunities including sizing and hedging of individual positions and portfolio themes.

  • Investment Decision
    04

    DAILY PORTFOLIO REVIEW

    Review of market developments and portfolio hedges, involving all relevant portfolio managers and research analysts.

Five Investment Strategies

One investment style
across five strategies

  • ABSOLUTE RETURN

    Strategic and tactical asset allocation, investing in the broadest range of investment products.

  • LIQUID ALTERNATIVES

    Asset allocation limited to a number of core ideas with weekly or daily liquidity.

  • ALTERNATIVE LONG ONLY

    Strategic asset allocation in predominately long-only investments, aiming to outperform emerging market bond indices.

  • CREDIT OPPORTUNITIES

    Investments in illiquid and/or distressed opportunities in emerging markets with a multi-year investment horizon.

  • CUSTOMIZED

    Tailored to meet specific needs of institutional investors.