Acadian, a firm specializing in active global and international investment strategies, has been investing in emerging markets for almost 20 years. In addition to the Emerging Markets Debt Fund, Acadian offers an Emerging Markets Equity Portfolio (AEMGX) which it has been managing since June 1993.
Assets under management for AEMGX as of 31 December 2010 were $946m.
Acadian said it believes the growing convergence between emerging and developed countries along several key metrics should offer long-term benefits to investors in emerging market debt.
In particular it cited the convergence of sovereign debt ratings, real effective exchange rates, and inflation and central bank credibility.
The Acadian Emerging Markets Debt Fund will be managed by John Peta and Bryan Carter, who joined the firm in April, 2007.
