Western Asset Emerging Markets Debt Fund
EMD
84 hedge funds and large institutions have $296M invested in Western Asset Emerging Markets Debt Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 33 reducing their positions, and 13 closing their positions.
13% more capital invested
Capital invested by funds: $261M → $296M (+$34.8M)
2.19% more ownership
Funds ownership: 29.25% → 31.44% (+2.2%)
8% less funds holding
Funds holding: 91 → 84 (-7)
27% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 33
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$63.8M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.06M |
| 3 |
Morgan Stanley
New York
|
+$2.63M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.68M |
| 5 |
WA
WFG Advisors
Dallas,
Texas
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$17.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.84M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$5.07M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$4.06M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.36M |
EMD Hedge Fund Activity: Q1 2017 in Review
84 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q1 2017, worth a combined $296M — up 13% from $261M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of EMD and 7 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 24 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $63.8M. The largest seller was UBS Group, cutting an estimated $17.3M.
- 84 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q1 2017, down from 91 in Q4 2016.
- Funds reported $296M of Western Asset Emerging Markets Debt Fund stock for Q1 2017, up 13% quarter-over-quarter.
- 7 funds opened new Western Asset Emerging Markets Debt Fund positions in Q1 2017 and 13 closed out, a net change of -6 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $63.8M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q1 2017 was UBS Group, an estimated $17.3M sold.
Based on aggregated 13F filings for Q1 2017.