Artisan Partners has launched 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 as of 31 December 2018.
The fund is managed by Lewis S. Kaufman, founding portfolio manager of the developing world team and also managing director of Artisan Partners.
Kaufman commented, "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."
This new strategy is the 3rd new fund to be added to the Artisan Ucits complex in the last 12 months, and the eighth fund overall.
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.