Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

AA-rated EM equity chief exits Goldman Sachs AM

AA-rated EM equity chief exits Goldman Sachs AM

Citywire AA-rated manager and CIO for emerging markets Prashant Khemka has left Goldman Sachs Asset Management, Citywire Selector has learned.

According to a shareholder letter seen by Citywire Selector, GSAM announced the change on April 19 with Sam Finkelstein, who is head of emerging market debt, moving into the newly created role as global head of emerging markets.

Finkelstein will take on responsibility for all emerging market debt and equity operations, while Basak Yavuz and Hiren Dasani will be named as co-heads of emerging market equity.

Hiren will relocate from Mumbai to Singapore and take on responsibility for the Indian equity portfolios, as well as moving to assist Basak on the Global Emerging Market Equity portfolio.

It was not revealed where former Citywire Selector Star Manager subject Khemka (pictured) was headed beyond ‘pursuing other opportunities’.

A spokesperson for GSAM confirmed the depature.  The shareholder note added: 'We believe the leadership structure will help us better serve you by increasing collaboration amongst our investing teams.

'There will be no change to the investment philosophy and process for our global emerging market equity and India equity portfolios as well as our emerging market debt investment process.'

He joined the company in 2000 and oversaw six funds across Ucits- and US-domiciled strategies covering EM equities, Indian equities, BRICs and wider global emerging markets.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2017

    Citywire Switzerland 2017

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016