The assets of hedge funds investing in emerging markets have surged above the $200 billion mark for the first time, rising by $9.3 billion in 2016, according to industry tracker Hedge Fund Research (HFR) said on Thursday. The Chicago-based group said the growth had been led by hedge funds invested in Russia and Latin America, with total capital invested in Latam-focused hedge funds increasing by $6.3 billion in 2016 and the assets of Russia and Eastern Europe-focused funds up $2.5 billion. “Strong performance gains, specially focused on Latin America and Russia/Eastern Europe, contributed to this growth as investors positioned for...