by Jake Moeller.
In this podcast, Gary Greenberg, head of Emerging Markets (EM) at Hermes Investment Management and manager of the U$4.4 billion Hermes Emerging Market Equities Fund provides his current views on the state of EM markets.
Gary outlines where he is currently finding value for his portfolio and the key factors for his stock selection process. He highlights some of the macro “noise” that he believes may be distracting investors and points out the headwinds that are most significant for him.
Gary also outlines issues around liquidity, capacity and how ESG considerations formulate part of his investment process.
|00:20||What is the current state of play for Emerging Market equities?|
|01:44||Investors periodically fall in and out of love with EM. Is this time different?|
|03:27||What are some of the headwinds facing EM equities?|
|05:15||Where are you finding value in your portfolio?|
|07:30||On liquidty and fund capacity|
|08:20||On ESG and EM|
|10:10||What are the most important issues EM investors should be aware of?|
Gary is chatting with Jake Moeller, Head of Lipper UK and Ireland Research, at Refinitiv in London on June 14, 2018.
About Gary Greenberg
Gary Greenberg joined Hermes in September 2010 in the Emerging Markets team. Previous to this, he was Managing Partner at Silkstone Capital and Muse Capital, both London-based hedge funds he co-founded and managed in 2007 and 2002, respectively.
From 1999 through 2002 he was Executive Director at Goldman Sachs in New York and London, where he co-headed the Emerging Markets product for GSAM, and served on the global asset allocation and European stock selection committees. From 1998 to 1999 he was Managing Director at Van Eck Global in Hong Kong and New York, where he was the lead portfolio manager for International Equities and ran the Hong Kong Office.
From 1994 through 1998 Gary was Chief Investment Officer at Peregrine Asset Management in Hong Kong, managing and supervising global and regional equity, plus fixed income funds.
In the early years of his career he was a Principal of Wanger Asset Management in Chicago, where he co-founded and co-managed the Acorn International Fund, which grew to $1.4 billion under his tenure.
Gary holds an MBA from Thunderbird School, a BA from Carleton College and is a CFA charterholder.
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This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. We cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.
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