Jerome Booth, one of Ashmore’s co-founders has launched a new asset management firm foucsed on emerging markets. New Sparta Asset Management is planning to raise a new investment fund which will initially target renewable and conventional projects in Africa.
“New Sparta Asset Management is about private markets in emerging markets,” Booth said.”It responds to the growing need for specialist emerging market investment management that leverages sector knowledge in a private equity-style approach.”
According to Reuters, Booth, who retired as head of research at Ashmore in 2013, will chair the investment committee, while former IMF executive Ousmene Mandeng, will head research and development.
Read more at Reuters…