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And even Western multinationals can use them to gain access to difficult markets.
ICE's rise is proof that upstarts can break into difficult markets.
However, we think that the Q3 performance demonstrates Inchcape's ability to outperform in difficult markets.
"We had extremely difficult markets in terms of volatility for stocks, bonds and currencies".
GMG Property Services continued to operate in one of the UK's most difficult markets.
And some are making big profits in difficult markets that most other investors have shunned.
"We would like to thank him for his contribution in leading the wholesale business through exceptionally difficult markets".
They allow pensions and insurers searching for returns in difficult markets to tap the investment expertise of a money manager.
The increasing preference for precommitted investment has helped a number of deals get through despite difficult markets.
More broadly, FrontPoint's move comes at a difficult time for the hedge fund industry, amid increased regulation and difficult markets.
However, we think that the third quarter performance demonstrates Inchcape's ability to outperform in difficult markets," they added.
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