Market Overview

Global Evolution Hits $5 Billion USD in Assets under Management on 10th Year Anniversary


Global Evolution, a specialist emerging and frontier markets investment
manager, today announced that assets under management have topped $5
billion USD for the first time ever on the heels of the firm's 10th

"This milestone, reached in conjunction with our recent fundraising
success, is a testament to the strength of our innovative investment
philosophy and client-centric approach," said Soren Rump, Chief
Executive Officer and Co-Founder of Global Evolution. "We are a
passionate team with deep industry expertise and operate with the sole
intention of consistently exceeding our investors' expectations."

Global Evolution actively manages emerging and frontier market sovereign
investments for investors through pooled funds and segregated accounts.
The firm offers five core long-only or absolute return investment
strategies, including:

  • Emerging Markets Hard Currency Debt: a dollar denominated debt,
    non-benchmark focused, and diversified strategy across sovereign
    emerging markets globally.
  • Emerging Markets Local Currency Debt: a local currency
    denominated debt and currency instruments, non-benchmark focused, and
    diversified strategy across sovereign emerging markets globally.
  • Frontier Markets (Fixed Income): a combination of dollar
    denominated debt, local currency sovereign debt, and currency
    instruments, focused on a diversified selection of strategies and
    long-term investment opportunities within sovereign frontier markets
  • Emerging Markets Blended Debt: a dynamically managed allocation
    to hard currency and local currency sovereign debt (between 30% and
  • Emerging Markets Debt & FX: an investment approach in the
    highest conviction trades, across hard currency and local currency
    opportunities in sovereign emerging and frontier markets, with very
    actively managed market exposure through an overlay of derivatives to
    enhance returns and mitigate risks.

"Our investment philosophy is driven by a belief that the evolution of
industrial capitalism across the globe creates new, exciting and
less-understood investment opportunities," noted Morten Bugge, Chief
Investment Officer and Co-Founder of Global Evolution. "Focusing on a
larger and more diverse country selection in combination with a high
conviction, benchmark-agnostic approach enables us to deliver
competitive returns."

Commitment to Impact Investing

Founded in 2007, Global Evolution is also committed to impact investing.
Financing the debt that provides macroeconomic sustainability and goes
into promoting productivity, and raising infrastructure, such as
electricity production, water, security, transport, and school systems,
has a significant impact on reducing poverty levels. These
environmental, social and governance-related (ESG) factors are
incorporated across the firm's investment process through various
proprietary quantitative econometric models and ratings systems.

"We have found solid evidence of a correlation between improving ESG
dynamics and stronger returns in emerging and frontier market sovereign
bonds," noted Rump. "It's clear to us that countries investing in ESG
improvements will increase investor confidence, attract capital inflows
and foster more sustainable growth."

New Focus on U.S. Market

Global Evolution is making significant strides toward expanding its
traditional European client base. Through its wholly-owned subsidiary,
Global Evolution USA, LLC, an SEC registered investment adviser based in
New York City, the firm has hired industry veteran Robert Morier,
formerly of ClearBridge Investments, to lead the North American business.

There are plans to soon launch a series of comingled funds aimed at
institutional investors and the firm already serves as a sub-advisor to
the American Beacon Global Evolution Frontier Markets Income Fund
(TICKER:AGEPX)1. This is the first and only open-end U.S.
mutual fund to invest primarily in the sovereign debt of frontier

About Global Evolution

Global Evolution is a dedicated emerging and frontier markets boutique
investment manager with an established track record based on a long
history of investing in emerging and frontier markets. Known for its
innovative approach, Global Evolution is one of the most widely
recognized experts and pioneers in this segment of the market.

The firm's dedicated investment professionals and research analysts
represent an imposing range, depth of experience and knowledge in
emerging and frontier markets. Global Evolution's founders and core
portfolio management team have worked together for more than a decade
and benefit from two decades of emerging and frontier markets experience.

Learn more at

1 Shares of the American Beacon Global Evolution Frontier
Markets Income Fund are sold only through a current prospectus, which
may be obtained on the American Beacon Funds website at

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