新兴市场债基13%回报涨势汹汹，对冲基金急筑“防护墙”锁收益

Group 1 - Emerging market assets are experiencing a significant upward trend, with hedge funds focusing on emerging market bonds adopting risk mitigation strategies to secure double-digit returns [1][4] - Hedge funds have achieved an annualized return of nearly 13% from emerging market bonds, outperforming other asset classes [1][4] - The additional yield required by investors for holding emerging market sovereign bonds compared to U.S. Treasuries has recently reached a 15-year low, prompting hedge funds to take measures to manage risk while capitalizing on this historic rally [4][5] Group 2 - Hedge funds are shifting their portfolios by replacing long-term bonds with lower-risk, shorter-term bonds, focusing on higher-rated bonds and maintaining sufficient cash reserves [4][7] - The inflow of funds into emerging market bond funds has reached $31 billion this year, indicating a renewed interest in these assets amid a global market adjustment [7][8] - The Enko Africa Debt Fund, managed by Alain Nkounkou, has achieved a return of 24% over the past year, reflecting the favorable market conditions for emerging market investments [8]