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Emerging Unscathed: Featuring Ali Akay

How does one navigate the risks and opportunities of emerging markets today? Ali Akay, founder and CIO of Carrhae Capital, shares his wisdom.

In this episode of the FEG Insight Bridge Podcast, Greg Dowling sits down with Ali Akay, Founder and CIO of Carrhae Capital and experienced emerging markets investor. Ali shares his journey from central bank consultant to founder of a successful investment firm, embodying his personal mantra, "Struggling, I emerge." His perspective on macroeconomic factors, political and currency risks, and the benefits of country and currency diversification provide a roadmap for navigating the complexities and considerable opportunities inherent in these markets.

Tune in for an insightful discussion on identifying, navigating and unlocking the opportunities in today’s emerging markets.

 

Key Takeaways:

  • Understanding macroeconomic factors and country-specific differences are crucial for investing in today’s emerging markets. To make informed decisions, Ali’s investment process emphasizes economic stability and prudent central bank policies.
  • Navigating regional and country-specific political and currency issues can be a challenge for some investors. Ali discusses how these factors can – and should - impact portfolios.
  • Diversification is essential for managing risk and enhancing returns, especially in emerging markets. Ali and Greg discuss how investing across countries, industries, and asset classes provides access to broader opportunities and can help investors achieve better outcomes.
  • In emerging markets, experienced active managers can add considerable value. Ali shares his approach to identifying opportunities, managing risks, and the importance of agile decision-making.




Episode Chapters
0:00 Podcast Introduction
1:14 Introduction to Ali Akay
2:46 Macro-Outlook Shaped by Experience with Central Banks
4:04 "Whole stack" Analysis of Emerging Markets (EM) Stocks
5:16 Key Learnings and the Lauch of Carrhae Capital
7:30 Why Invest in EM Now? Potential Effects of Tariffs and Opportunities
11:27 Managing Currency Fluctuations
12:19 Investing Opportunities in China
14:52 Considerations for Investing in Greece
15:51 Turkey, an Under-rated Opportunity?
16:58 Being Selective in Peru
18:12 Recently on South Korea
20:63 Investing in Mexico and Current Geo-Political Climate
27:29 Managing Risk in the Emerging Markets
30:18 Bonus: More on Ali Akay

Disclosures

This information was prepared by Fund Evaluation Group, LLC (FEG), a federally registered investment adviser under the Investment Advisers Act of 1940, as amended, providing non-discretionary and discretionary investment advice to its clients on an individual basis. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Fund Evaluation Group, LLC, Form ADV Part 2A & 2B can be obtained by written request directed to: Fund Evaluation Group, LLC, 201 East Fifth Street, Suite 1600, Cincinnati, OH 45202 Attention: Compliance Department.

This information is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this presentation. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell any securities.

The information herein was obtained from various sources. FEG does not guarantee the accuracy or completeness of such information provided by third parties. The information in this presentation is given as of the date indicated and believed to be reliable. FEG assumes no obligation to update this information, or to advise on further developments relating to it.