Western Asset Emerging Markets
EMD
EMD was delisted on the 16th of December, 2016.
59 hedge funds and large institutions have $75.5M invested in Western Asset Emerging Markets in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 5 closing their positions.
280% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 5
28% more funds holding
Funds holding: 46 → 59 (+13)
8% more capital invested
Capital invested by funds: $69.7M → $75.5M (+$5.85M)
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.92M |
| 3 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$1.57M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.41M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$830K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$656K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$554K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$337K |
EMD Hedge Fund Activity: Q4 2013 in Review
59 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets (EMD) for Q4 2013, worth a combined $75.5M — up 8.4% from $69.7M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new EMD positions and 5 closed out — a net gain of 14 holders — while 17 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $12.7M. The largest seller was Morgan Stanley, cutting an estimated $16M.
- 59 institutional investors held Western Asset Emerging Markets (EMD) as of Q4 2013, up from 46 in Q3 2013.
- Funds reported $75.5M of Western Asset Emerging Markets stock for Q4 2013, up 8.4% quarter-over-quarter.
- 19 funds opened new Western Asset Emerging Markets positions in Q4 2013 and 5 closed out, a net change of +14 holders.
- The largest Western Asset Emerging Markets buyer in Q4 2013 was Saba Capital Management, an estimated $12.7M added.
- The largest Western Asset Emerging Markets seller in Q4 2013 was Morgan Stanley, an estimated $16M sold.
Based on aggregated 13F filings for Q4 2013.