Hedge Fund That Tops EM Rankings Sees More Distressed Debt Gains.

Sandglass Capital Advisors, a top-performing hedge fund, predicts further gains in distressed debt in countries like Argentina and Ukraine. The firm's CIO, Genna Lozovsky, highlights opportunities in emerging markets where economic reforms align with Federal Reserve policies. The fund has outperformed others in the sector, with a 5-year net annualized return of 10.6%, and sees potential in countries like Egypt and Turkey, as well as in corporate bonds. Argentina, with its large bond stack, remains a key focus for potential yield compression and returns. [Extracted from the article]