Emerging markets hedge funds remain healthy despite downturn

Hedge funds that invest in emerging markets are not heading for a crash, according to research by Credit Suisse/Tremont. The study showed corporate profits have exceeded expectations and default rates are at their lowest levels. Credit Suisse/Tremont said recent moves by major industrialised nations to continue raising interest rate movements have led to growing beliefs that the long period of low cost financing is nearing an end and US growth is slowing down. The research showed the environment remained healthy, despite many hedge fund observers questioning the stre-ngth and duration of...