Western Asset Emerging Markets Debt Fund
EMD
91 hedge funds and large institutions have $261M invested in Western Asset Emerging Markets Debt Fund in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 46 increasing their positions, 7 reducing their positions, and 8 closing their positions.
557% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 7
275% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 8
91% more capital invested
Capital invested by funds: $137M → $261M (+$125M)
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
32% more funds holding
Funds holding: 69 → 91 (+22)
0.06% less ownership
Funds ownership: 29.31% → 29.25% (-0.06%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$37.5M |
| 2 |
SCM
Saba Capital Management
New York
|
+$19.4M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$17.1M |
| 4 |
Morgan Stanley
New York
|
+$12.8M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$7.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.91M |
| 2 |
PMLI
Penn Mutual Life Insurance
Horsham,
Pennsylvania
|
-$967K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$677K |
| 4 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$594K |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$477K |
EMD Hedge Fund Activity: Q4 2016 in Review
91 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q4 2016, worth a combined $261M — up 91% from $137M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new EMD positions and 8 closed out — a net gain of 22 holders — while 46 added to existing stakes and 7 trimmed.
The largest buyer was McGowan Group Asset Management, adding an estimated $37.5M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.91M sold.
- 91 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q4 2016, up from 69 in Q3 2016.
- Funds reported $261M of Western Asset Emerging Markets Debt Fund stock for Q4 2016, up 91% quarter-over-quarter.
- 30 funds opened new Western Asset Emerging Markets Debt Fund positions in Q4 2016 and 8 closed out, a net change of +22 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q4 2016 was McGowan Group Asset Management, an estimated $37.5M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q4 2016 was Rivernorth Capital Management, an estimated $5.91M sold.
Based on aggregated 13F filings for Q4 2016.