Western Asset Emerging Markets
EMD
EMD was delisted on the 16th of December, 2016.
3 hedge funds and large institutions have $29.3M invested in Western Asset Emerging Markets in 2016 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 48 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
74% less capital invested
Capital invested by funds: $112M → $29.3M (-$82.7M)
94% less funds holding
Funds holding: 51 → 3 (-48)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.05M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$117K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$23M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$18.9M |
| 3 |
Morgan Stanley
New York
|
-$9.84M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$6.84M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$5.34M |
EMD Hedge Fund Activity: Q4 2016 in Review
3 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets (EMD) for Q4 2016, worth a combined $29.3M — down 74% from $112M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of EMD and 0 opened new positions — a net loss of 48 holders — while 1 trimmed existing stakes and 2 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.05M. The largest seller was Saba Capital Management, exiting entirely with an estimated $23M sold.
- 3 institutional investors held Western Asset Emerging Markets (EMD) as of Q4 2016, down from 51 in Q3 2016.
- Funds reported $29.3M of Western Asset Emerging Markets stock for Q4 2016, down 74% quarter-over-quarter.
- 0 funds opened new Western Asset Emerging Markets positions in Q4 2016 and 48 closed out, a net change of -48 holders.
- The largest Western Asset Emerging Markets buyer in Q4 2016 was Rivernorth Capital Management, an estimated $5.05M added.
- The largest Western Asset Emerging Markets seller in Q4 2016 was Saba Capital Management, an estimated $23M sold.
Based on aggregated 13F filings for Q4 2016.