After the storm: favourable winds in emerging markets
Gemologist
Gary Greenberg, Head of Hermes Emerging Markets
As cyclical headwinds ease, the past five years of emerging-market underperformance relative to the developed world could be coming to an end
- We see early signs that the US dollar is likely to peak, commodity markets are close to bottoming out and that productivity among emerging-market businesses is improving
- These favourable winds should gather force in the next two years, making the resurgence of emerging markets a major investment theme
- This year, however, is one of transition in which investors can act early on the growing evidence that the storm over emerging markets is clearing
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Gary Greenberg
Head of Hermes Emerging Markets
Gary Greenberg joined Hermes in September 2010 in the Emerging Markets team. Previous to this, he was Managing Partner at Silkstone Capital and Muse Capital, both London-based hedge funds he co-founded and managed in 2007 and 2002, respectively. From 1999 through 2002 he was Executive Director at Goldman Sachs in New York and London, where he co-headed the Emerging Markets product for GSAM, and served on the global asset allocation and European stock selection committees. From 1998 to 1999 he was Managing Director at Van Eck Global in Hong Kong and New York, where he was the lead portfolio manager for International Equities and ran the Hong Kong Office. From 1994 through 1998 Gary was Chief Investment Officer at Peregrine Asset Management in Hong Kong, managing and supervising global and regional equity, plus fixed income funds. In the early years of his career he was a Principal of Wanger Asset Management in Chicago, where he co-founded and co-managed the Acorn International Fund, which grew to $1.4 billion under his tenure. Gary holds an MBA from Thunderbird School, a BA from Carleton College and is a CFA charterholder. In 2017 Hermes Global Emerging Markets was named best emerging markets fund for the second year in a row at the Fund Manager of the Year Awards and best emerging markets group by Citywire Deutschland, and Gary was named best manager for emerging markets equity by Citywire UK.
Read all articles by Gary Greenberg
Read all articles by Gary Greenberg
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