Culture vultures

CULTURE

Can emerging market funds be run from developed countries?

Emerging markets are clearly going to be the powerhouses of growth over the medium term. Yet, cultures and practices are very different in places like China and Vietnam. But how important is culture when it comes to managing money? Can managers running emerging markets funds out of the UK, for example, really understand the stocks they invest in when they are sitting at a desk 5,000 miles away and visit the region only three or four times a year? The backdrop When Anthony Bolton announced his return to managing money last year, he said he would be running his China Special Situation...