Abu Dhabi Hedge Fund Makes $300 Million Emerging-Market Wager

Tensai Holding Co., a family office that manages $3 billion of hedge-fund and private-equity investments, is putting more money into emerging-market stocks and distressed debt as it expects Asia to outperform the rest of the world.

The firm’s quantitative hedge fund is investing $300 million to $400 million in the developing world this year, as much as 15% more than in 2019, said Soufyane Al Hayan, the president of Tensai in Abu Dhabi. The manager has already moved about 90% of that money into markets such as China and India, after cutting some positions in developed markets, he said.

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