EM hedge funds have huge long biases, lower liquidity, and high fees
Nick Rohatyn · Nick Rohatyn – Emerging Markets Multi-Asset Investing at TRG (EP.482) · Jan 22, 2026 · at 33:41
Nick Rohatyn, CEO of The Rohatyn Group, explains why institutional post-crisis capital flowed toward transparent long-only strategies over EM hedge funds.
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“Emerging market hedge funds typically have a huge long bias. They're less liquid and they have higher fees. That is not logical as an investor. Why am I paying all this extra in terms of liquidity and fee for something that is essentially a long-only strategy?”
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