Credit-Oriented Investment Franchises Growth
In 2024, the Denver-based credit team raised $1.7 billion in net inflows, and the Boston-based EMsights Capital Group raised $1.9 billion in net inflows. Collectively, they raised $3.6 billion and now manage nearly $15 billion across six strategies.
Strong Performance and Returns
The high income, emerging markets debt opportunities, and emerging market local opportunities strategies have consistently outperformed their benchmarks by 174, 720, and 241 basis points annually, respectively.
Developing World Strategy Success
Celebrating its 10th anniversary, the Developing World strategy has generated a cumulative return of 157% since inception, which is more than four times greater than the MSCI Emerging Markets Index.
Financial Growth
Fourth quarter revenues rose by 6%, adjusted operating income increased by 12%, and the adjusted operating margin improved by 180 basis points compared to the previous quarter. Full-year revenues grew by 14% compared to 2023.