By Tom van der Voort Zach Ruchman (MBA ’18) Zach Ruchman (MBA ’18) starts with a simple question when evaluating a prospective investment in an emerging market: “Why should we be employing this dollar anywhere other than the U.S.? What does this incremental dollar get us?” Having served as a vice president for private equity investing at both BlackRock and RockCreek since graduating from Darden, Ruchman knows that his investors need a specific, obtainable goal to embrace the additional risk that typically comes with emerging markets. John Yonemoto John Yonemoto, co-founder and chief investment officer at Albright Capital Management, brings more than three decades of experience in the field. For him, finding opportunity in emerging markets usually means ignoring a nation’s GDP growth, which simply doesn’t correlate with investment return. Even worse, chasing a hot emerging market can often leave investors with a deal that doesn’t make sense. “Valuation matters a lot. What’s important is finding good deals, at reasonable valuations that will let you make money. . . . In many cases, we try to look for countries that are not popular.” Darden Professor Felipe Saffie Ruchman and Yonemoto joined Darden Professor Felipe Saffie for the Darden Private […]
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