Chikara Investments launches emerging markets fund
Jonathan Asante, manager of the Chikara Global Emerging Markets Opportunities fund
Asante, who began at the firm in March, will be joined in managing the fund by former Stewart team members Chris Grey, Joanna Kay, Tom Prew and Dominic St George.
Chikara rebranded from Coupland Cardiff AM in August, following the retirement of founders Richard Cardiff and Angus Coupland at the end of last year.
The Chikara Global Emerging Markets Opportunities fund will aim to invest in firms that have strong governance and balance sheets but are not overvalued.
Coupland Cardiff AM hires Jonathan Asante for EM team
The fund will be index agnostic and have a typical active share of over 95%, holding between 20-35 stocks, the firm said.
It pointed to the «proven investment philosophy» developed by Asante during his time as lead Emerging Markets Fund Manager at Axa Framlington, who then developed at his time at Stewart.
Asante said: «While the future is perhaps even more unpredictable than it has ever been, our answer remains to invest with good quality companies first.
»This is because ultimately it is real people, running real businesses, who must do the hard work of navigating all this complexity for our clients.
«We have, over time, developed an approach of how best to both encourage and benefit from material improvements in the livelihoods of hundreds of millions of people around the world from Asia to Latin America and Africa and the opportunity in Emerging Markets has rarely been more appealing.»
Coupland Cardiff AM rebrands as Chikara
James Tollemache, CEO of Chikara Investments, added: «The team's investment philosophy, focused on preserving clients' money in order to grow it better in the long-term, is simple to understand but
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