Jerome Paul Booth (born July 1963) is a British economist, author, emerging markets investor and chairman of New Sparta. He was previously head of research at emerging market asset manager Ashmore Group plc. He is chairman of Anglia Ruskin University,[1] and a former chairman of UK Community Foundations (UKCF).[2]
Jerome Booth | |
|---|---|
| Education | University of Bristol University of Oxford |
| Occupation | Investor |
| Title | Dr |
Early life
editJerome Booth received a Bachelor of Science in Geography from the University of Bristol. He then received an MPhil and DPhil in Economics from the University of Oxford.[1]
Career
editBooth started his career at the Department of Trade and Industry, where he was responsible for multi-lateral development banks,[3] before being appointed a strategic planning officer at the Inter-American Development Bank in Washington DC. During this period, Booth was also a lecturer in Economics at Christ Church, Oxford.[1]
In 1994, Booth joined ANZ as Head of Research for the Emerging Markets Group before being appointed Head of Market Research for ANZ Investment Bank with global responsibility for fixed-income and foreign exchange research.[4]
In 1999, Booth was part of the management buy-out of ANZ Investment Bank that established Ashmore Group plc, the emerging market asset management firm, and was appointed Head of Research and spokesperson. The team bought ANZ Emerging Market Fund Management, which had approximately $500m in assets, and listed it on the London Stock Exchange.[5]
While at the company Booth was a high-profile advocate for emerging markets and argued that investors should allocate half of their portfolio to emerging market assets.[6] He was described as "evangelical in his enthusiasm for emerging markets" by The Financial Times.[7] In 2014, he also published 'Emerging Markets in an Upside Down World', a critique of finance theory, that argued that investors had underestimated risk in the developed world and overestimated it in the emerging markets.
In 2013, Booth retired from Ashmore to establish New Sparta, a London-based investment vehicle.[8] Booth is also the principal shareholder of New Sparta Productions and Notgoingtouni.
Booth is also former chairman of Anglia Ruskin University, former chairman of UK Community Foundations (UKCF) and an honorary visiting professor at Cass Business School. A keen musician, he is also chairman of the Britten Sinfonia and a board member of the Royal Philharmonic Society. He was previously chairman of the Fitzwilliam Museum Development Trust.[citation needed]
Booth is also a director of the Global Warming Policy Foundation.[9]
Selected publications
edit- Emerging Markets in an Upside Down World: Challenging Perceptions in Asset Allocation and Investment (The Wiley Finance Series), 2014. ISBN 978-1-118-87967-2
References
edit- ^ a b c "Dr Jerome Booth - ARU". aru.ac.uk. Retrieved 23 July 2019.
- ^ "UK Community Foundations welcomes new Chair". UK Community Foundations. Retrieved 23 July 2019.
- ^ "Why the Credit Crunch Is Good for Emerging Markets". CFA. doi:10.2469/cp.v27.n4.3. Retrieved 14 May 2015.
- ^ "The Billion Dollar Interview: Jerome Booth, Head of Research at Ashmore Investment Management". Eurekahedge. Retrieved 14 May 2015.
- ^ "U.K's Ashmore Group Aims to Deepen Emerging Markets Presence". Institutional Investor. Retrieved 14 May 2015.
- ^ "Too much of a good EM thing is just right". FT. Retrieved 14 May 2015.
- ^ Pauline Skypala, EM enthusiast prepares for a variety of scenarios, Financial Times, 4 December 2011
- ^ "Ashmore Group's Booth Retires as Research Head, Replaced by Dehn". 23 July 2019. Retrieved 23 July 2019.
- ^ "Jerome Paul BOOTH personal appointments - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 29 March 2022.