Boutique Coupland Cardiff Asset Management (CCAM) has signalled its intention to expand into global emerging markets with the hire of a dedicated team from Stewart Investors.
The division will be headed by Jonathan Asante, former Stewart Investors managing partner, who is joined by colleagues Joanna Kay, Chris Grey, Tom Prew, and Dominic St George.
The group arrives at the Asia and Japan specialist fund management group after Stewart Investors closed its global emerging markets equity operation in March 2022, after it was acquired by Japanese firm MUFG. At its peak, the Stewart Investors team managed $20bn in client assets.
Commenting on his appointment, lead manager Asante said: “We have learned that our investment philosophy, focused on preserving clients’ money in order to grow it better in the long term, is simple to understand but hard to implement. Having spent considerable time looking for the right long-term partner with the appropriate institutional structure, we feel fortunate to have found this in CCAM.
“We have spent decades developing 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 we consider it a privilege to be able to offer this to clients once again.”
James Tollemache, CCAM chief executive, added: “Jonathan and the team have demonstrated their investment process can deliver across several emerging market cycles and it has been used in a variety of ways by investors. It is gratifying that we can give investors access to this dynamic team once more within the environment we have at CCAM, based on ownership and partnership.
“Emerging markets are evolving constantly, and we believe we have the right team, in the right environment, to deliver an emerging market equity proposition that will stand the test of time.”