Given recent huge Emerging markets stocks, Currency, bonds selloff on global risk aversion - not surprised to hear more huge hedge funds, emerging markets funds and bond funds in trouble. Or just simply unwinding positions in anticipation of huge investors redemption due to risk aversion.
Latest rumour circulating is that of a huge emerging markets/ bond fund is in trouble, given its huge exposure to emerging markets, Asian and including Eastern Europe. Could see actions from large US investment banks as well - given talks that the banks are the backers of the funds. Full story
