MOORE EM Credit & FX Fund up 1.55% in January

Moore Capital’s Emerging market credit and income fund was up 1.55% in January 2011.

Moore Capital was started by Louis Moore Bacon over two decades ago, and now has  10s of billions of dollars under management. Bacon has a GARP/value investing style approach.

The credit fund has several hundred million AUM.  The fund opened in april 2009,  and returned 4.67% for that year. In 2010 the fund returned 10.07% and in 2011, 2.97%.

The fund managers note that many EM sovereigns have still not reached their 2008 sides. They remain bullish on those countries, noting that mexico in particular looks attractive.