Irvine, CA — January 11, 2016 — PAAMCO today announced the launch of a new business focused on emerging markets equities. The new venture, composed of an investment team previously at Black River Asset Management, is part of PAAMCO’s continuing focus on providing alternative solutions to large institutional investors.
The Miren team is housed under a newly formed division separate from PAAMCO’s fund of hedge funds business. PAAMCO Miren has offices in London as well as Turkey, Mexico and Colombia, which were established as part of its global launch. The PAAMCO Miren offices are supported by a trading platform in London.
“We are delighted to welcome this exceptional emerging markets equity investment team to PAAMCO,” said Jane Buchan, CEO of PAAMCO. “The team’s institutional clientele is a testament to the high quality of this team’s emerging markets acumen.”
PAAMCO Miren directly manages long-only equity portfolios in Europe, the Middle East and Africa (EMEA) and Latin America. The team is led by Yunus Emre Temiz, who has 19 years of industry experience and is joined by Federico Galassi and Felipe Gomez Bridge, who head the Latin American offices. The Miren team also includes Ali Yavuz Birdal, Head of Research, Buket Ince, Associate Director, and Juan Diego Mejia Mendez, Latin America Equity Analyst.
“PAAMCO, with its institutional client base and deep expertise in investing, is the perfect place for our team to continue to capitalize on the evolving set of investment opportunities we see in today’s markets,” said Mr. Temiz.
Soon after PAAMCO Miren’s launch, the Miren team reestablished previous relationships. As of December 1, 2015, assets under management exceeded $1.1 billion, covering long-only, single country mandates in EMEA and Latin America.
The Miren team generated alpha for their client portfolios over the past seven years through an investment process which is driven by fundamental earnings analyses.
PAAMCO, which manages over $10 billion in discretionary assets and advises on an additional $12 billion in assets, is a leading institutional investment firm dedicated to offering alternative investment solutions to the world’s preeminent investors. Since its founding in 2000, PAAMCO has focused on investing on behalf of its clients while striving to raise the standard for industry-wide best practices.
Headquartered in Irvine, California with a global footprint that extends across North America, South America, Europe and Asia, PAAMCO’s clients include large public and private pension funds, sovereign wealth funds, foundations, endowments, insurance companies and financial institutions. The firm is known for its completeAlphaTM approach to hedge fund investing which focuses on delivering performance from early-stage opportunities, controlling costs and protecting client assets. In addition, it offers long-only active equity investing in emerging markets through its PAAMCO Miren division.
Steve Bruce/Mary Beth Grover
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