Fund house BennBridge will launch its second boutique after partnering with emerging markets specialist Pembroke.
Pembroke will be launching as a BennBridge boutique in the first quarter of 2018, offering a range of investors access to Sanjiv Bhatia and his team’s expertise.
Mr Bhatia managed the emerging market portfolios within the Harvard Endowment from 2013 to 2017.
He spent 12 years at Goldman Sachs where he was head of Asian equity trading in Hong Kong, before building the Asian business at Deephaven Capital Management and Isometric Capital.
Mr Bhatia, chief investment officer at Pembroke, said: “Having managed a successful emerging markets long/short strategy since 2005, I am pleased to now launch my business in partnership with BennBridge and pursue this strategy for the benefit of a greater audience.
“We aim to continue to capture the alpha opportunity in global emerging markets equities and hope to continue delivering strong uncorrelated returns to clients.
“We look forward to opening the fund up to a wide range of external investors in the first quarter of 2018 as a BennBridge boutique.”
The launch of Pembroke follows the recent launch of Tellworth, a BennBridge boutique led by Paul Marriage and John Warren with a focus on UK small and mid-cap equities, which started trading earlier this month with £385m.
BennBridge launched in the UK last year and is a subsidiary of Bennelong Funds Management, which operates a similar multi-boutique model in Australia.
Ryan Durance, head of business development at BennBridge, said: “We believe it is the optimal time in the emerging markets equity cycle to launch a specialist emerging market boutique.
“We continue to see robust client demand globally and expect the asset class will continue to provide a consistent source of alpha for skilled managers over the long-term.
“Sanjiv stood out because of his extensive experience investing in Asian and emerging markets equities and his proven and long track record.”
damian.fantato@ft.com
