Multi-boutique investment firm BennBridge has made two senior hires to the investment team of Pembroke, a global emerging-market long/short equity strategy, to work alongside CIO Sanjiv Bhatia.
Gregory Mariasch, who has over a quarter of a century of deep expertise and experience investing in emerging markets, as well as a strong proven track record and success in founding businesses devoted to emerging markets investments, joins as a Partner and Portfolio Manager. Greg and Sanjiv have known each other for over 25 years, having worked together at Goldman Sachs since the early 1990s, and are excited to re-group and partner together ahead of the Q1 2018 launch of Pembroke.
During his 12-year career at Goldman, Greg held roles including Head of Latin America Equity Trading, Global Co-Head of EMEA Sales & Trading, and Head of International Equity Trading. He then joined the Rohatyn Group in 2003 as a founding member and later became a partner, managing the emerging market equity strategy within a $1.3bn portfolio.
Having returned to Goldman in 2013, taking responsibility for emerging market equities within the Investment Strategy Group, Greg most recently held the position of CIO at RAM Capital Partners. Greg began his career in Argentina, having originally qualified as a Chartered Accountant, before gaining an MBA at New York University.
Meanwhile Luis Fernandez de Mesa, who was previously Vice President at Evercore, joins Pembroke as an Equity Analyst, bringing specialist Latin American expertise. The double hire brings the team’s total experience investing in emerging markets to over 60 years.
Sanjiv Bhatia, Chief Investment Officer at Pembroke, said:
“Building out a strong investment team is an important step and I am delighted to be launching with such a high calibre team. Greg is a great investor in his own right and I am incredibly excited we’ve found an opportunity to bring our skills and expertise together. Our model portfolio has achieved returns of over 10% in just four months (31/07/17 – 30/11/17) and we aim to continue capturing the alpha opportunity in global emerging market equities and hope to continue delivering strong uncorrelated returns to clients”.
Having previously managed the emerging market assets at the Harvard Endowment, Sanjiv set Pembroke up earlier this year, in partnership with multi-boutique firm BennBridge, with the team relocating to London.
The planned launch of Pembroke in Q1 2018 follows the recent launch of Tellworth, a BennBridge boutique led by Paul Marriage and John Warren. Tellworth focuses on UK small and mid-cap equities, and started trading in October 2017 with £385m of assets under management.
BennBridge is a multi-boutique investment firm which strategically partners with specialist fund managers. BennBridge provides a structure that gives our boutiques the same quality support offered by large institutional firms, but enables them to operate in a more personalised and entrepreneurial environment. As a minority equity partner to each boutique, BennBridge offers access to a global distribution network and a wide range of high quality investors, whilst also providing a holistic range of non-investment functions, enabling each boutique to focus solely on their own investment performance.
As a 100% owned subsidiary of Bennelong Funds Management Group, a successful Australian based multi-boutique investment firm established in 2006 and currently managing USD7.1 billion, BennBridge benefits from a powerful global distribution footprint and the ability to drive the scalability of boutiques’ success.
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