The Emerging Markets Strategy
The Contrarian Emerging Markets strategy is a diversified portfolio of distressed and event driven opportunities in global emerging markets. The strategy has a 10 year track record and historically has not employed leverage.
A portfolio with an opportunistic global mandate targeting both capital appreciation and yield capture. Investments may include distressed, stressed, and defaulted corporate and sovereign debt, post reorganized equity, special situations and opportunistic shorts, with an emphasis on downside protection through detailed fundamental analysis and a thorough understanding of jurisdictional risk.
Split among office locations in Greenwich (global headquarters), Paris, London, São Paulo, and Hong Kong, the Contrarian team has language capabilities in English, Spanish, Chinese (Mandarin & Cantonese), Japanese, Portuguese, German, and French – crucial in conducting on the ground investment due diligence.
The Emerging Markets team focuses on deep fundamental credit research along with local restructuring and legal analysis to identify opportunities with hard catalysts to unlock value. The team seeks to limit downside risk by conducting thorough analysis of cash flows, asset values, and sources of repayment. Risk is further mitigated through actively managing the portfolio’s gross and net exposure and strict avoidance of leverage.