Ashmore co-founder Booth launches New Sparta AM

Focus on emerging markets

Daniel Flynn
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Jerome Booth, a co-founder of Ashmore Group, has unveiled a new specialist emerging markets asset management company through his private office, New Sparta.

New Sparta AM (NSAM) has an initial focus on renewable and conventional energy projects in Africa. However, the group said its longer-term strategy is not limited by sector or geography. It plans to invest in at least three power stations which are expected to require around £50m investment each. The company has been launched in response to demand for emerging market investment management that "leverages sector knowledge in a private-equity style approach". How to avoid unrest and corruption when investing in Africa Booth, who will chair the company and its investment committee...

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