Managed by Comgest Asset Management International Limited (Since 6/1/2019)
Comgest is an international equity boutique, 100%-owned by its employees and founders. This durable partnership – of over 30 years – drives their unconstrained, quality growth approach which is applied across global and regional strategies in developed and emerging markets. From headquarters in Paris, France and additional research offices around the world, each investment team member pursues the same disciplined bottom-up methodology, with integrated ESG research, and then collaborates with the broader team as they seek out the highest-quality companies in every market. Comgest’s independent culture motivates them to think about a company’s strategic intent, sustainability and its impact on all stakeholders. As both stewards of capital and investors, the firm believes this integrated investment strategy is a key factor in creating long-term value for clients.
Laure Négiar, CFA
Ms. Négiar joined Comgest in 2010 and is an Analyst/Portfolio Manager. Before joining Comgest, she worked at BNP Paribas Equities & Derivatives in Paris and London, and prior to that worked in several roles within the US government. Ms. Négiar obtained a Bachelor’s degree in Public Policy from Stanford University (with Honors and Phi Beta Kappa) before graduating on the Dean's list with an MSc in Management from the HEC Paris business school in France. Ms. Négiar is a CFA® charterholder.
Zak Smerczak, CFA
Mr. Smerczak joined Comgest in 2016 and is an Analyst/Portfolio Manager. He started his career in 2006 at Deloitte in London, initially in Assurance & Advisory Services before moving to Transaction Services where he was responsible for operational and financial due diligence. In 2011 Mr. Smerczak joined Mirabaud Asset Management where he worked as an Analyst covering global equities. In 2015 he moved to Polar Capital Holdings where he held the position of Analyst / Portfolio Manager for the firm’s global multi-asset income strategy. Mr. Smerczak holds a Bachelor of Business Science degree with Honors in Finance from the University of Cape Town. He is a CFA® charterholder and has been a member of the Institute of Chartered Accountants of Scotland since 2009.
Mr. Narboni joined Comgest in 2009, initially within the firm’s US equity team before moving to the Global equity team in 2018 where he is an Analyst/Portfolio Manager. Before joining Comgest, Mr. Narboni worked in New York, firstly in asset-backed securities at Société Générale from 2005 to 2007 and then as a hedge fund credit Analyst at HSBC. After graduating from the National School of Statistics and Economic Administration (ENSAE) in Paris, he studied for one year at Columbia University in New York where he was awarded a Master’s degree in Financial Mathematics.
Mr. Houghton joined Comgest in 2009 and is an Analyst/Portfolio Manager. Based in Singapore, he has more than 30 years of investment and banking experience, principally in Asian markets. Prior to joining Comgest, Mr. Houghton worked in Asia with Merrill Lynch, HSBC and Credit Lyonnais as an Investment Analyst and in a variety of institutional sales director roles dating back to 1993. He started his career in 1980 at Hong Kong Bank, serving in successive regional management roles in Bahrain, Brunei and Hong Kong. He graduated from the University of London’s School of Oriental and African Studies (SOAS) and has a Master’s degree in Economic Development.
Comgest Asset Management International Limited (“CAMIL”) serves as the Fund’s subadviser. In providing services to the Fund, CAMIL uses designated persons of its affiliates, including Comgest S.A., based in Paris, France, and Comgest Singapore Ptd Ltd., based in Singapore. CAMIL and such affiliates are referred to collectively as “Comgest.”