Cartica Management has launched the first global emerging markets corporate governance fund.
The fund has attracted capital from one of the largest US institutional investors, as well as US family offices.
Cartica was founded by Teresa C. Barger along with Farida Khambata and Mike Lubrano, all formerly of the World Bank Group’s International Finance Corporation, and Steven J. Quamme, co-founder of Breeden Capital Management.
“Investing in listed securities in emerging markets is very different than investing in the more liquid US markets,” says Quamme. “But as these markets have matured, the investment opportunity presented by relational investing in emerging markets is, I believe, more compelling than the opportunity in the more developed markets.”
Khambata adds: “We foresee a new world dynamic with virtually all production growth taking place in the emerging markets where, for the first time, we also find the fastest growing investment and consumption markets in the world as well.”