US group Artisan Partners has launched the Artisan Developing World Fund, an Ireland-domiciled Ucits fund managed in line with the Artisan Developing World strategy, which incepted on 1 July 2015 and managed $1,993m (€1,758m) as of 31 December 2018.
The fund is managed by Lewis Kaufman, founding portfolio manager of the developing world strategy and a managing director of Artisan Partners.
Kaufman said: “We believe compounded business value drives long-term capital appreciation and seek to optimise our stock selection process for challenges unique to the developing world.
“Our investment process emphasises financially sound, free cash-flow generative companies with compelling business models, while seeking to mitigate the volatility of returns.”
Andrew Marks, managing director and head of EMEA distribution, said: “We are delighted to have received external funding from a seed client to formally launch this new Ucits Fund. Lewis has a unique investment process, which has proven capable of producing alpha over a full market cycle.
“And we are confident that his concentrated (portfolio) approach to emerging markets equities will be well received by Ucits investors.”
As of 31 December 2018, 21% of Artisan Partners’ $96.2bn in AUM was sourced from clients outside the US, including $3.6bn in its Ucits fund complex domiciled in Ireland.