EMERGING SOVEREIGN GROUP LLC Profile
Emerging Sovereign Group LLC is a hedge fund sponsor based out of New York City, New York. The company was originally established in 2002 by cofounders John K. Kenny, Mete Tuncel and Jason P. Kirschner, all three of whom are still with the company today with John K. Kenny acting as the company’s CIO. The company began with seed capital from Julian Robertson of Tiger Management and would become acquired by the Carlyle Group with a majority stake in 2011. Emerging Sovereign Group currently operates as a subsidiary of the Carlyle Group LP. The company conducts its research both internally and externally, investing in the fixed income and public equity markets on a global scale. Emerging Sovereign Group utilizes a fundamental and cyclical methodology based on research, focusing on carefully managing risks. The company invests most heavily in the consumer staples sector, which alone makes up a third of its total asset allocations, and also invests in the consumer discretionary sector, which makes up another quarter of its allocations, the finance sector, making up another fifth of its total allocations, the information technology sector, and the health care sector, in order of decreasing allocations. The company holds its allocations for 2.35 quarters on average and Emerging Sovereign Group, in the most recent quarter, had a turnover rate of approximately 46.2%. Emerging Sovereign Group operates with 49 employees of which 25 are investment professionals and manages over $7.3 billion in total assets under management spread across 6 total accounts, all of which are discretionary. Although the company’s total number of accounts has been decreasing in recent years, having once been as high as 22 back in 2011, Emerging Sovereign Group’s total assets under management has been increasing, growing significantly from under two thirds of a billion back in 2010 to well over ten times that amount today.