Once-thriving economy in trouble as Ethiopia s Abiy cracks down news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Hedge Fund ProMeritum Bets on Oman, Angola to Guard Lossless Run
Selcuk Gokoluk, Bloomberg News The traditional houses of the old city district sit surrounded by mountains beside Muscat harbor in Muscat, Oman, on Monday, May 7, 2018. Being the Switzerland of the Gulf served the country well over the decades, helping the sultanate survive, thrive and make it a key conduit for trade and diplomacy in the turbulent Middle East. Photographer: Christopher Pike/Bloomberg , Bloomberg
(Bloomberg) Pavel Mamai notched up his sixth lossless year in 2020 thanks to emerging-market debt. With that rally stumbling, heâs delving deeper into frontier markets in a bid to decouple from the global reflation trade.
Hedge Fund ProMeritum Bets on Oman, Angola to Guard Gains
Bloomberg 3/1/2021 Selcuk Gokoluk
(Bloomberg) Pavel Mamai notched up his sixth lossless year in 2020 thanks to emerging-market debt. With that rally stumbling, he’s delving deeper into frontier markets in a bid to decouple from the global reflation trade.
The London-based founder of hedge fund ProMeritum Investment Management LLP is buying the junk-rated Eurobonds of oil producers Oman and Angola, which have rebounded from a pounding after last year’s crude collapse. Helped by a big position in South African bonds, ProMeritum generated a 7.2% return last year, its sixth consecutive annual gain since its inception in 2015.
Hedge Fund ProMeritum Bets on Oman, Angola to Guard Lossless Run msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.