Western Asset Emerging Markets Debt Fund
EMD
59 hedge funds and large institutions have $113M invested in Western Asset Emerging Markets Debt Fund in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 14 reducing their positions, and 7 closing their positions.
93% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 14
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
17% more capital invested
Capital invested by funds: $96.8M → $113M (+$16.1M)
4% more funds holding
Funds holding: 57 → 59 (+2)
2.49% more ownership
Funds ownership: 19.66% → 22.15% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.57M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$3.04M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.86M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.31M |
| 5 |
Morgan Stanley
New York
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.78M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$946K |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$708K |
| 4 |
Goldman Sachs
New York
|
-$658K |
| 5 |
SG Americas Securities
New York
|
-$651K |
EMD Hedge Fund Activity: Q1 2014 in Review
59 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2014, worth a combined $113M — up 17% from $96.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new EMD positions and 7 closed out — a net gain of 2 holders — while 27 added to existing stakes and 14 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.57M. The largest seller was Wells Fargo, cutting an estimated $1.78M.
- 59 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2014, up from 57 in Q4 2013.
- Funds reported $113M of Western Asset Emerging Markets Debt Fund stock for Q1 2014, up 17% quarter-over-quarter.
- 9 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2014 and 7 closed out, a net change of +2 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2014 was Saba Capital Management, an estimated $3.57M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q1 2014 was Wells Fargo, an estimated $1.78M sold.
Based on aggregated 13F filings for Q1 2014.