the global emerging markets fund managed by martin taylor and nick barnes at nevsky capital llp, an affiliate of thames river capital, has recently gone through its 5th anniversary. over the past five years (to 30 may 2008), the $1,687.6m, s&p aaa rated fund has returned +37.5%† (annualised) against its benchmark, the msci tr emerging markets free index (+34.0%††). the fund has been consistently ranked first quartile and is placed 3 out of 100 funds in the sector*.
nevsky capital currently manages some $4.7bn and has built one of the largest research driven emerging markets fund management teams. nevsky capital comprises 34 staff, of which 32 are either portfolio managers or analysts. the team are research driven and look to identify, at either stock or country level, pricing inefficiencies created by a clear disparity between market expectations of corporate earnings or macroeconomic growth and the teams own expectation of these growth rates.
the team also manages the top performing s&p aaa rated eastern european fund and the more recently launched s&p a rated emerging asia fund. the eastern european fund has produced annualised returns of +40.9%† over five years (to 30 may 2008) or +35.8%† since inception (13 oct 2000), outperforming its benchmarks and peer group. over five years, the fund is ranked 5th out of 58 funds in the sector*. the emerging asia fund was launched on 2nd november 2007, since then it has returned +4.2%† (annualised) placing it in the top quartile of its peer group and 43 out 217 funds in the sector*.
commenting, martin taylor, said:
"at nevsky, we have built a highly experienced emerging market equities team which has delivered a demonstrable record of consistent outperformance across its fund range. the global emerging markets fund has a rigorous, tried and tested, research-led investment process which has helped deliver first quartile performance over each calendar year and top decile performance over five years."
Al Bawaba
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