Emerging markets specialist Brunswick Capital Management has re-organised its fund management struct...
Emerging markets specialist Brunswick Capital Management has re-organised its fund management structure following the departure of lead manager Mark Cooke. Cooke will take up a new position, as yet undisclosed, in the new year.
All of Brunswick's Russian portfolios, including the First Russian Frontiers fund, will now be managed from Moscow by David Hearn and Vadim Dektiarev, who will be joined on the investment committee by George Kjallgren.
The basic strategy of the portfolios will remain the same. Hearn said: "We concentrate on fundamental company value, at the most basic level we are bottom-up focused, buying companies not sectors, although naturally we do pay a lot of attention to factors such as liquidity and sector outlook."
On a broad market view Hearn is now bullish on Russian telecoms, because he believes the quality of management in this sector is typically high relative to the rest of the market.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress