SGA Emerging Markets Growth SMA
SGA Emerging Markets Growth SMA
- To generate long-term capital appreciation by investing in companies in emerging markets across market capitalizations
- To identify industry-leading businesses positioned for attractive long-term revenue and earnings growth, with sustainable competitive advantages and visionary management teams
We strive to generate excellent absolute and relative returns over time by using a fundamental, bottom-up process to identify businesses that we believe offer predictable, sustainable growth and have the ability to generate meaningful wealth.
Sustainable Growth Advisers, LP
Founded in 2003, Sustainable Growth Advisers is a growth equity manager focused on high-conviction U.S., global, emerging markets, and international large-cap portfolios.
Learn more about Sustainable Growth Advisers, LP
Hrishikesh (HK) Gupta
Portfolio Manager and Analyst
Industry start date: 2009
Hrishikesh (HK) Gupta is a portfolio manager and analyst at Sustainable Growth Advisers (SGA), an investment management affiliate of Virtus Investment Partners. In addition, he is a principal and member of the firm’s investment committee.
Prior to joining SGA in 2014, Mr. Gupta served as a senior analyst at MDR Capital Management from 2011 to 2013 and as associate managing director at Iridian Asset Management from 2009 to 2010. During this period, he had primary research responsibilities for the technology, telecommunications, industrials, commodity, and refinery sectors. In 2008, he was as an investment banking associate at Bank of America Merrill Lynch, advising clients on private placements and mergers and acquisitions.
Prior to beginning his career in the investment industry, Mr. Gupta was a product and program manager at Amazon.com. As part of Amazon’s strategic executive division, he led the launch of their Japanese and German merchant platforms.
Mr. Gupta earned a B.Tech. in computer science from the Indian Institute of Technology in Bombay, and an M.S. in computer science from the University of California, San Diego. He also holds an M.B.A. with a specialization in corporate finance from the Stern School of Business at New York University. Mr. Gupta joined the investment industry in 2009.
Portfolio Manager and Analyst
Industry start date: 1997
Kishore Rao is a portfolio manager and analyst at Sustainable Growth Advisers (SGA), an investment management affiliate of Virtus Investment Partners. In addition, he is a principal and member of the firm’s investment committee.
Prior to joining SGA in 2004, Mr. Rao was a member of the investment team at the venture capital firm Trident Capital, where he managed a portfolio of software, technology, and business service companies from 2001 to 2004. In 1998, he founded and served as general manager of the StreetEvents.com division of CCBN before it was sold to Thomson Reuters.
From 1996 to 1997, Mr. Rao was an equity analyst covering health care, software, and information services at Tiger Management. Prior to that, he was an equity analyst at Wellington Management with primary research responsibilities for the semiconductor equipment industry.
Mr. Rao earned a B.S. in industrial management from Carnegie Mellon University and an M.B.A. from Harvard Business School. He began working in the investment industry in 1997.
Robert L. Rohn
Industry start date: 1983
Rob Rohn is a co-founding principal, portfolio manager, and analyst at Sustainable Growth Advisers (SGA), an investment management affiliate of Virtus Investment Partners. In addition, he is a member of the firm’s investment committee, advisory board, and executive committee.
Prior to co-founding SGA in 2003, Mr. Rohn was a principal and portfolio manager at W.P Stewart & Co, Ltd., where he managed high-quality growth stock portfolios. During his 13-year tenure at W.P. Stewart, he followed the global retail, consumer product, healthcare, and technology industries, managed $1 billion of assets, helped launch an international portfolio, served as chief executive officer of the firm’s core U.S. investment business, and was chairman of its management committee.
From 1988 through 1991, Mr. Rohn was a vice president with Yeager, Wood & Marshall, Inc., where he was a member of the investment policy committee with responsibilities in equity analysis and portfolio management. He began his career in 1983 at JP Morgan in credit research and corporate finance.
Mr. Rohn earned a B.A., cum laude, from Dartmouth College and an M.B.A from Harvard Business School. He has served on several non-profit boards. He began working in the investment industry in 1983.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small, medium, or large-sized companies may enhance that risk.
Foreign & Emerging Markets: Investing in foreign securities, especially in emerging markets, subjects the portfolio to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk.
Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio's manager(s) to invest its assets as intended.
Limited Number of Investments: Because the portfolio has a limited number of securities, it may be more susceptible to factors adversely affecting its securities than a portfolio with a greater number of securities.
Industry/Sector Concentration: A portfolio that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated portfolio.
Consumer Concentration: Because the portfolio is presently heavily weighted in the consumer sector, it will be impacted by that sector's performance more than a portfolio with broader sector diversification.
ESG: The portfolio's consideration of ESG factors could cause the portfolio to perform differently from other portfolios. While the subadviser believes that the integration of ESG factors into the portfolio's investment process has the potential to contribute to performance, ESG factors may not be considered for every investment decision and there is no guarantee that the integration of ESG factors will result in better performance.
Currency Rate: Fluctuations in the exchange rates between the U.S. dollar and foreign currencies may negatively affect the value of the portfolio's shares.
Depositary Receipts: Investments in foreign companies through depositary receipts may expose the portfolio to the same risks as direct investments in securities of foreign issuers.