Rakesh Bordia co-manages Pzena Emerging Markets Value Fund (“the fund”) with tenured co-managers Caroline Cai, Allison Fisch, and (recently added) Akhil Subramanian. The strategy has approximately $1.35 billion under management and has been around just since 2014. Investing in emerging markets has been no cakewalk for this window. The passive Vanguard FTSE Emerging Markets ETF (VWO), over the past 15 years, has earned just south of 3% annualized.
Pzena EM Value Fund has earned just north of 4% a year since its inception. The interesting Continue reading →