Emerging markets specialist Arif Joshi, the former co-head of emerging-market debt at Lazard Asset Management, is set to launch a new hedge fund at Bramshill Investments, marking the firm’s expansion into emerging-market strategies, according to a report by Bloomberg.
Joshi has joined Bramshill as a senior managing director and portfolio manager. The firm plans to seed the strategy with around $150m and begin fundraising for a Cayman Islands–domiciled, total-return hedge fund later this year, with a launch expected after the summer.
The fund will take an unconstrained, opportunistic approach across emerging-market debt, with a current emphasis on local markets, particularly rates and currencies, alongside selective exposure to hard-currency bonds. Joshi said sentiment toward emerging markets is at its strongest in several years, supported by elevated yields, weak currencies, improving policy regimes and widespread under-allocations among global investors.
Emerging-market bond indices have reached record highs in 2026, helped by a softer US dollar and expectations of Federal Reserve rate cuts, which have boosted demand for higher-yielding assets.
Joshi joined Lazard in 2010 and ran the firm’s EM debt business alongside Denise Simon before departing last year. He was succeeded by Alex Kozhemiakin.
Founded in 2012, Bramshill manages more than $8bn and said it plans to add further senior hires by year-end as it builds out its emerging-markets platform.
