Thursday, January 30, 2014

Calm Broken in Markets Amid Concern of Emerging Contagion - Bloomberg

Calm Broken in Markets Amid Concern of Emerging Contagion - Bloomberg: "“My phone hasn’t stopped ringing in the past few days, and I met with about half of my clients, as some of them have direct exposure to emerging-market currencies,” Lorne Baring, who manages about $500 million as managing director of B Capital in Geneva, said in a telephone interview, adding the firm reduced emerging-market exposure prior to the selloff. “They want to know my views on whether the situation is going to get worse, and I tell them yes, it will.”"



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