![Zephyr [logo]](/images/logo.png){kind=logo}
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. Plimsoll Mark Capital, LLC, a global wealth advisory firm that focuses on delivering independent high quality investment solutions to individuals, was launched in December 2008 and currently manages over $120 million in assets.
Focus on Latin America
On December 7, 2009, Portfolio Manager Fernando Donayre and Director of Research Andres Calderon discussed the Latin American investment environment and their outlook on the Region. To download a recording of the investor 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.
Latin America
The Latin American markets, represented by the MSCI LA index, continued to rally in 2009, rising 2.0% in December. While all global markets rebounded in 2009 from their 2008 lows, MSCI LA’s 2009 year appreciation of 103.8% surpassed all other regions of the world.
Developing Markets
Emerging markets closed 2009 on a high after further gains in December pushed the MSCI EM index to its best level for the year, which also meant its biggest ever annual percentage gain. More importantly, investors recovered a large proportion of the losses that they had incurred in 2008, an unlikely prospect in the dark days of early March.