Ashmore co-founder Booth launches New Sparta AM

Focus on emerging markets

Daniel Flynn
clock

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Emerging markets

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

Client demand into region rising

Hugh Gimber
clock 26 March 2024 • 4 min read
Four Graphs explaining India

Four Graphs explaining India

Four experts write

Investment Week
clock 12 February 2024 • 4 min read
JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

Early adaption is key

Omar Negyal
clock 11 January 2024 • 2 min read
Trustpilot