On the right track

Although Fleming Family & Partners has a relatively short track record in managing emerging markets hedge funds - its first, an eastern European equity hedge fund, FCM European Frontier Fund, was launched last December - the Fleming family's involvement in emerging markets goes to 1873.

Back so far, in fact, that it was the family's patriarch, Robert Fleming who first got involved in the then-emerging market of the USA, financing railroads. Needless to say, his involvement proved successful a