Small (EM) is beautiful

WEBINAR: Small (EM) is beautiful

*This webinar is intended for Investment Professionals only. The content is provided for informational purposes only and should not be used as the basis for any decision to purchase or redeem investments in any Ashmore fund.

Please join Patrick Cadell, Portfolio Manager for Emerging Markets Small Cap Equity and Gustavo Medeiros, Ashmore’s Head of Research. During this live webinar they will discuss the opportunities present in the Emerging Market Small Cap Equity universe and the outlook for the second half of 2023 and beyond.

Wednesday, 24th May 2023

11:00am EDT | 4:00pm BST | 5:00pm CEST

The discussion will cover the questions below and more: 

  • What have been the drivers behind EM Small Caps strong performance?
  • Is alpha generation as important as market beta for driving returns?
  • Should allocators consider Small Caps as a liquid alternative to larger cap EM? 
  • What are the most common investment challenges? 
  • Where is the team focusing its research as we look forward?

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Speaker biographies

Patrick Cadell
Portfolio Manager for Emerging Markets Small Cap Equity

Patrick Cadell

Patrick Cadell, Portfolio Manager, joined Ashmore in 2017. Patrick joined the J.P. Morgan investment bank analyst training programme in 2008 and worked at J.P. Morgan Cazenove as a Corporate Finance Analyst on the UK Financial Institutions Team. In 2010 Patrick moved to Nevsky Capital as an Investment Analyst covering Emerging Asian Equities. The team he was part of then moved to Thames River Capital which was subsequently acquired by Foreign and Colonial where he progressed into a Portfolio Management role. In 2015 Patrick joined Liontrust Investment Partners as a Partner and Portfolio Manager, where he was part of a team managing an EM Equity Fund. Patrick gained a 1st Class BSc in Economics from University College London.

Gustavo Medeiros

Gustavo Medeiros

Gustavo is responsible for following macroeconomic and political developments across developed economies and emerging markets. He is responsible for providing a review and forward-looking views of macro top-down developments on a weekly basis to the Investment Committee and, where required, works with the investment teams to translate these views in actionable investment ideas.

Before joining Ashmore, Gustavo worked for ten years at HSBC in São Paulo and London, where he traded Latin American local rates and currencies. After joining Ashmore in 2011, Gustavo worked for six years with the local currency team covering Latin America before joining the sovereign external debt team as portfolio manager responsible for Eastern European and African markets.

Gustavo was appointed to Deputy Head of Research in October 2019 and became Head of Research in October 2021. He holds a degree in Business Administration from Fundação Armando Alvares Penteado in São Paulo and is a CFA charterholder.