Listen to the latest Federated Hermes Meeting Room: Virtual Portfolio Briefing on Global Emerging Markets
As we navigate the ever-changing landscape of the coronavirus, the Global Emerging Markets team reflect on recent performance, and discuss the outlook for Global Emerging Markets from both a market and portfolio positioning perspective.
CFA, Head of Global Emerging Markets
Gary is Head of Global Emerging Markets and joined the international business of Federated Hermes in September 2010. Prior 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 $1.4bn under his tenure. Gary holds an MBA from Thunderbird School, a BA from Carleton College and is a CFA charterholder. In 2018, the Federated Hermes Global Emerging Markets Fund was named best emerging markets fund for the third year in a row at the Investment Week Fund Manager of the Year Awards, best regional equity specialist within the emerging markets category at the FE Manager of the Year Awards, best emerging markets group by Citywire Switzerland and won the Portfolio Adviser Fund Awards for emerging markets. Gary was named best manager for emerging markets equity by Citywire UK in 2017.
Elena Tedesco joined the international business of Federated Hermes EOS in 2002 and later joined the Hermes European Focus Fund as an investment analyst. She moved to the Emerging Markets team in 2007, initially as an equity analyst covering Latin America and later as head of EMEA. She is the co-portfolio manager for the Global Emerging Markets ESG strategies and has been appointed as Director, Sustainability for the Global Emerging Markets team, focusing on further developing the team’s market-leading approach to sustainability and ESG issues, as well as managing specific sustainability mandates. Prior to joining, Elena was an analyst at Deminor, a Belgium-based independent research boutique, now part of ISS. Elena holds a degree in Economics and Business Administration, a Master's degree in European Economic Affairs from the College of Europe, and is a CFA charterholder.
On 9 June we held a webinar where Gary and Kunjal explain their responsibilities going forward and how they will transition to these roles. Kunjal also provides an outlook for emerging-market equities.