Alpha abroad – the buy-side looks to emerging markets

Emerging markets – Brazil, Russia, India and China (BRIC) as well as South Africa and other economies in Asia, Africa and South America – display high risk-reward characteristics attractive to those hedge fund and asset managers able to take advantage of those opportunities regardless of whether they are long-only firms looking to globalise their equity portfolios or multi-strategy hedge funds chasing cross-asset, cross-border alpha.

Caveats, though, are always quick to follow on the buy side