EM hedge funds continue to attract investors despite fears of interest rate hikes in developed markets: Emerging-market macro hedge funds have been riding the EM rally to the point of having to turn away clients, Suzy Wait and Nishant Kumar write for Bloomberg. EM macro hedge funds have widely outperformed those trading in the broader market. Emerging market funds returned 99% since the end of 2008, compared with 56% for the broader money pools. The interest these figures have stoked among investors does not seem to be abated by concerns that interest rate hikes and pulling back of quantitative easing might hurt EM growth.

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