Founding Partner &
Portfolio Manager,
Research & Portfolio Management
Founding Partner &
Portfolio Manager,
Research & Portfolio Management
April 24, 2025
In our 1st quarter investor letter, we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
April 24, 2025
In our 1st quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
January 28, 2025
In our 4th quarter investor letter, we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
January 28, 2025
In our 4th quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
November 28, 2024
In our 3rd quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
November 28, 2024
In our 3rd quarter investor letter, we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
August 7, 2024
In our 2nd quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
August 7, 2024
In our 2nd quarter investor letter, we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
April 26, 2024
In our 1st quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
April 26, 2024
In our 1st quarter investor letter, we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
February 14, 2024
In our 4th quarter investor letter, we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
February 14, 2024
In our 4th quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
November 23, 2023
In our 3rd quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
November 23, 2023
In our 3rd quarter investor letter we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
July 26, 2023
In our 2nd quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
July 26, 2023
In our 2nd quarter investor letter we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
May 3, 2023
In our 1st quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
May 3, 2023
In our 1st quarter investor letter we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
March 7, 2023
As this quarter marks the final letter for the year 2022, we thought it will be helpful to reflect on the key events that shaped the performance of the strategy in the year.
March 7, 2023
In our 4th quarter investor letter we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
November 2, 2022
Relatively speaking, the strategy’s returns for the quarter are respectable. While a single quarter of outperformance versus global and emerging market equities is by no means significant, there are observations that we deem significant in shaping the medium-term outlook for the strategy.
August 19, 2022
The weak absolute returns in the period reflect a very challenging investment environment for our strategy. Our focus on African and Asian companies and through-the-cycle underwriting process puts us at a cyclical disadvantage when food and oil prices experience sharp and sustained inflation.
May 11, 2022
The strategy experienced a perfect storm of negative risk events during the quarter, starting with the unrest in Kazakhstan in January. This was followed closely by the Russian invasion of Ukraine at the end of February.
January 24, 2022
The strategy generated a net return of 8.4% in the year ending December 2021. The strategy’s performance in the year was shaped by a continuation of some of the themes that underpinned returns in 2020 and others which had a less favourable impact on historical returns but now appear to be turning the corner.
November 2, 2021
The strategy’s performance in the quarter was driven by three key factors: 1. Reopening sensitivity in the retail and financial services portfolio in Indonesia and the Philippines as those economies emerge from their respective lockdowns as a result of a ramp up in vaccinations in the key economic centers.
July 16, 2021
The strategy continues to be rewarded for the thesis we’ve built around technology, payments, and financial inclusion in our markets. The starting point for us in that process was the mobile money opportunity in East Africa which continues to be best exemplified by Kenya’s Safaricom’s M-Pesa.
April 6, 2021
The Vergent Emerging Opportunities strategy generated net USD returns of negative 3.6% in the quarter ending March 31 2021. The strategy continues to be focused on identifying transformational growth companies in the Frontier and smaller Emerging markets.
For additional information on Vergent Asset Management LLP, please contact:
Founding Partner &
Business Manager,
Client Services, Risk & Compliance
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