The Driehaus Emerging Markets team focuses on investing in emerging markets securities of all capitalizations, through the Driehaus Emerging Markets Growth and Driehaus Emerging Markets strategies. The strategies provide investors with exposure to companies experiencing growth inflections in addition to positive earnings revisions and medium-term (price) momentum, two factors that are positively correlated to alpha generation. The team is led by portfolio managers Howard Schwab, Chad Cleaver and Richard Thies.
Our institutional sales team will be pleased to address questions and requests related to separately managed accounts and/or institutional commingled vehicles that employ our investment strategies.
Ask Us!The strategy seeks to outperform the MSCI Emerging Markets Index over full market cycles.
The strategy aims to outperform MSCI Emerging Markets Small Cap Index.
The team employs a growth-oriented investment philosophy focusing on identifying company-specific growth inflection points and exploiting associated marketplace inefficiencies. Our philosophy hinges on a belief that market expectations tend to be ‘anchored’ to historical information and that points of inflection therefore introduce dislocations between market expectations and fundamentals which generate significant alpha capture opportunities. The team combines fundamental, macro and behavioral analysis with a nimble/active investment approach to quickly identify inefficiencies and generate a portfolio which uniquely seeks to achieve superior aggregate growth rates as well as superior risk characteristics.
Argentina has been off the radar for many investors, due to mounting political and economic woes faced by the country over many years. Recently elected president Javier Milei has put forth an aggressive reform agenda, which he brands as “shock therapy.” While investing in a reform story like Argentina carries risks, initial signs have been positive, and successful implementation could help the country unlock the vast oil and gas reserves in the Vaca Muerta shale formation, one of the largest such resources in the world.
India has been one of the best performing equity markets in recent years, particularly in the small cap segment of the market, which has registered outperformance of over 1100 basis points per year relative to the MSCI All-Country World Small Cap Index over the last five years.