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Zephyr Management, L.P. is a global private equity and marketable securities firm. Founded in 1994, the firm specializes in the creation and management of highly focused and value added investment funds. Since its founding, Zephyr has sponsored twenty-two investment funds across the developed and developing world, representing approximately $1.7 billion in capital commitments. Each Zephyr fund has a discrete management team which has skills matched to the particular investment opportunity. In December 2008, Zephyr launched Plimsoll Mark Capital, a global wealth advisory firm that focuses on delivering independent high quality investment solutions to individuals and families.
Focus on Latin America
On June 25, 2010, Portfolio Manager Fernando Donayre and Director of Research Andres Calderon held an investor conference call to discuss the Latin American investment environment and their outlook on the Region. To download a recording of the conference call, please click here. If you would like to request a password to access the call, please click here.
The information provided in the recording should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the securities transactions or holdings discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein.
Views on recent volatility and the impact on Latin America featuring Fernando Donayre and Andres Calderon (06/08/10).
Latin America
After appreciating in the first half of June, Latin American markets fell in tandem with global markets in the latter half of the month. Latin American markets, as represented by the MSCI Latin American index, ended the month down 3.4%. Leading the decline was the Brazilian market, with a 4.4% fall, and the Mexican market, which depreciated 2.9%.
Developing Markets
Since the end of the third quarter in 2009, developing markets have traded sideways while at the same time exhibiting a high level of short-term volatility. June proved no exception to this pattern. Having initially dipped, the MSCI aggregate index rose over 10% from its low point before falling away again to finish slightly down for the month as a whole.