Finance
Women-Led Activist Firm Bets on ESG Reforms in Emerging Markets
- Cartica invests in smaller Brazil, China, South Korea stocks
- Firm has pressed for more female members on corporate boards
Teresa Barger, co-founder of Cartica Management LLC. Her hedge fund is pushing emerging-market companies toward ESG strategies.
Photograph: Bloomberg
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A majority women-owned activist investment firm is pressing emerging-market companies for changes in the belief that more responsible management will generate better returns.
Washington D.C.-based Cartica Management LLC sees opportunities for environmental, social and governance investment in countries where such principles are less advanced, according to Emily Alejos, the firm’s chief investment officer. Cartica, which manages about $1.2 billion in assets, focuses on small- and mid-cap stocks mainly in Brazil, China and South Korea.