Skip to main content

Teresa Barger, the world’s emerging markets activist investor

posted onAugust 26, 2017
nocomment

Teresa Barger is the CEO and Co-Founder of Washington, D.C.-based Cartica Capital. She launched Cartica in 2008 with three cofounders--Farida Khambata, Steven Quamme and Mike Lubrano (formerly executives of the International Finance Corporation). Cartica is an hedge fund specializing in “active ownership” investing in emerging markets companies The firm had $3.0 billion of assets under management as of June 30, 2017.

“It’s a cliché to say but it’s a private equity approach to public equity,” Barger told Barron’s Asia. “We love misunderstood companies”, “Cartica companies” she said, referring to companies usually controlled by founding families, with low debt and excellent management. The fund’s approach is simple: “It’s going in and making money by fixing things that are not perfect.”

“We don’t know a nano-fraction of what they know about their company. But sometimes people are really busy running the business and it takes an outsider to come in,” she believes. “All we’re doing is telling them we see things that they can’t.” Ms Barger explained.

Cartica Capital
Cartica Capital

Before founding Cartica, Barger spent two decades at the International Finance Corporation funding businesses in nearly every region of the emerging markets. IFC invests exclusively in private sector companies in the emerging markets and is often known as “the private sector investing arm of the World Bank Group.”

She also created the innovative Gemloc bond fund, index and market development program for local currency bonds. Prior to that, Ms. Barger set up the Private Equity and Investment Funds Department of IFC. As Director of this Department, Ms. Barger managed the largest portfolio of Emerging Markets investment funds in the world. She pioneered the creation of the first benchmarks for Emerging Markets private equity and co-founded the Emerging Markets Private Equity Association (EMPEA). Ms. Barger also developed the first two corporate governance funds in the Emerging Markets, for Korea and Brazil.

Before joining IFC, Ms. Barger was with McKinsey & Company, working in New York, London and Tokyo.

She is a member of the Council on Foreign Relations and serves on the boards of the Emerging Markets Private Equity Association, ANERA and the Gazelle Fund (an SME fund for Eurasia). She also serves on the Private Sector Advisory Group of the Global Corporate Governance Forum and the Pacific Pension Institute Advisory Council.

Ms. Barger received an M.B.A. from the Yale School of Management, received an A.B. Magna Cum Laude from Harvard College in 2008. She did post-graduate work in Arabic at the American University in Cairo. She was born and raised in the Eastern Province of Saudi Arabia where her father was with the first team that discovered oil in the Kingdom. She speaks French and Arabic and reads Spanish.


 

line black 1300
line black 1300

SPRING ESCAPE IDEAS

By Newsroom

Kyoto is the iconic tourist spot of Japan and its best season is spring in April. All over the city clouds of beautiful cherry blossoms bloom and draw visitors from every corner of Japan and the world; every evening the trees are lit and give a truly enchanting display.  
 

By Newsroom

Sorrento, perched picturesquely on a plateau above the sea with spectacular views over the Bay of Naples, has been a popular tourist destination for almost two centuries. This beautiful seaside community makes a great base for visiting the Amalfi Coast, Capri and Pompeii. 

By Newsroom

April isn’t actually spring in Argentina — it’s fall. Which happens to be harvest season for the hundreds of vineyards that call Mendoza home. Every March through May, the region attracts more than 70,000 wine lovers to witness the gathering of the grapes in one of Argentina’s most prolific winemaking zones. 

By Newsroom

Maramures is probably the most wonderful hidden secret of Romania. Like walking into a fairy tale or stepping back into medieval Europe.  Maramures has the most UNESCO monuments in the country. But besides the monuments, you’ll love the welcoming people, scenery and gastronomy. 
 

By Newsroom

Madagascar, a huge island nation off the southeast coast of Africa, is home to thousands of animal species – like lemurs – found nowhere else, plus rainforests, beaches and reefs. Miles and miles of stunning coastline wrap around the island.  Turtles visit the beaches, dolphins and whales appear in its waters revelling in the crystal clear water of this wonderland. 

By Newsroom

With over 14 miles of idyllic beaches, a range of modern resorts and accommodations, excellent shopping, dining and nightlife, Cancun is one of Mexico`s most popular destinations and one which keeps visitors coming back again and again.

By Newsroom

The most popular island holiday destination in the Indonesian archipelago is home to an ancient culture that's known for its warm hospitality.Exotic temples and palaces set against stunning natural backdrops 

01.

Kyoto, Japan: The cherry blossoms create one of the most spectacular spring sights in the city

02.

Sorrento,Italy: Cobblestone streets, small, rocky beaches and picture-perfect views of Mount Vesuvius and Naples 

03.

Mendoza, Argentina: Loved for its tree-lined streets, sunny days, Malbec wine and restaurants and spas

04.

Maramures, Romania: Widely regarded as the country's most traditional region

05.

Madagascar, Africa: One of the most jaw-dropping and fascinating wildlife hotspots

06.

Cancun, Mexico: Surrounded by clear Caribbean waters it has much more to offer than its party-town reputation might suggest.

07.

Bali, Indonesia: Stunning beaches, scenic rice paddies and deep sense of spirituality draw millions of foreign visitors