Western Asset Emerging Markets
EMD
EMD was delisted on the 16th of December, 2016.
59 hedge funds and large institutions have $76M 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)
9% more capital invested
Capital invested by funds: $69.7M → $76M (+$6.29M)
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 3,459 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets (EMD) for Q4 2013, worth a combined $76M — up 9% 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 $76M of Western Asset Emerging Markets stock for Q4 2013, up 9% 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.