Hedge Fund Manager Hintze Says Don’t Be Surprised By Emerging Markets

When considering the decline in emerging markets, Sir Michael Hintze, founder of London-based hedge fund CQS, says investors shouldn’t have been surprised.

Hintze: “Quantitative easing is stimulating downtown Mumbai rather than downtown Detroit”

Hintze clearly stated in 2011 that quantitative easing is "stimulating downtown Mumbai rather than downtown Detroit," pointing to the often-cited issue.  “It is surprising to me that as Taper takes hold, effectively a tightening of money supply growth, the reverse (in emerging markets) is not obvious,” he said in an investor letter reviewed by ValueWalk.

“It is...