Emerging Markets Local Bond
The investment team dynamically manages the strategy’s allocation across the three key levers of foreign currency, interest rates and credit. The team employs an investment process that combines top-down macro analysis with bottom-up emerging market country and credit analysis while separating views with respect to those three levers. Through our top-down macro process and bottom-up credit research, the team seeks to opportunistically manage country, sector and security levels
As a result, this allows the team to potentially enhance yield and total return as well as effectively manage risk. The team diversifies investments across the entire emerging markets spectrum with targeted risk budget exposures across these opportunities. Often countries with less wealth have the greatest aspirations, and that’s where in our opinion transformative growth is occurring. Understanding these economies requires local knowledge and local information. To recognize the opportunities, we believe you need to look past the short-term volatility and see the bigger picture.
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Hemant Baijal is Co-Head of the Global Debt Team, Head of Multi-Sector Fixed Income, and a Portfolio Manager. Prior to joining the Firm, he co-founded Six Seasons Global Asset Management, where he was a Partner and Portfolio Manager with a focus on fixed income macro strategies. Prior to that, he was a Partner and Portfolio Manager at Aravali Partners.
Wim Vandenhoeck is a portfolio manager on the Global Debt Team and is a co-portfolio manager of the Emerging Markets Local Bond and International Bond strategies. Prior to joining the Firm, Mr. Vandenhoeck was at APQ Partners based out of London, UK where he was a partner. Prior to that, he was an Asset Manager at GLG Partners LP in London, a partner at Six Seasons Global Asset Management in NY, NY and a partner at Aravali Partners, in New York City.