Seafarer Capital Partners has launched the Seafarer Overseas Value Fund. The fund's portfolio is comprised primarily of securities from developing market countries using a bottom-up selection process driven by fundamental research.
The fund's mandate seeks long-term capital appreciation by investing in securities that are trading at a discount to their intrinsic values.
The Seafarer Overseas Value Fund applies a value discipline to emerging markets, where Seafarer estimates discounts to intrinsic worth are prevalent and compelling. The portfolio is built one security at a time, based on the individual merits of an investment rather than through static asset allocation decisions based on geography or industry. Distinct from Seafarer's existing growth and income strategy, the new fund's strategy focuses on the price paid for a security rather than any income it provides. The Seafarer Overseas Value Fund will be managed by Paul Espinosa and co-managed by Seafarer's founder and Chief Investment Officer, Andrew Foster.
"Emerging markets is one asset class where we believe a value investment discipline can still provide a meaningful long-term return for investors," says Paul Espinosa, lead portfolio manager of the Seafarer Overseas Value Fund. "Intriguingly, few dedicated mutual fund strategies offer such an approach for US-based investors. We're pleased that Seafarer's capabilities and experience can serve an unmet need for investors seeking long-term capital appreciation in an uncertain environment."