Emerging market equity specialist Nina Majstorovic Lagron has quit Gemway Asset after two years with the Paris-based investment boutique, Citywire Selector can reveal.
It is understood Majstorovic will formally step down on March 10 and will join a rival asset management company, although this has yet to be revealed.
During her tenure, Majstorovic had worked alongside Citywire A-rated Vanier on the GemEquity fund, which is a France-domiciled global emerging market equity fund.
Prior to this she was responsible for the Amundi Fds – Equity Emerging Europe and Amundi Fds MENA Equity fund. Her risk-adjusted performance on these two funds meant she was consistently Citywire AAA rated between October and December 2014.
It is understood Vanier will remain as lead on the GemEquity fund, with Elena Kosheleva retaining her role as a junior portfolio manager on the €175 million fund.
The GemEquity fund returned 5.68% in US dollar terms over the three years to the end of February 2017. This compares to a 5.2% rise by its Citywire-assigned benchmark, the MSCI EM (Emerging Markets) TR USD, over the same period.