Occupation Investor Role Author Name Jerome Booth | Title Dr Net worth GBP £112 million | |
Books Emerging Markets in an Upside Down World: Challenging Perceptions in Asset Allocation and Investment Education | ||
Cfa author series jerome booth talking about his book emerging markets in an upside down world
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 also the principal shareholder of Icon Film Distribution UK.
Contents
- Cfa author series jerome booth talking about his book emerging markets in an upside down world
- Upside down world jerome booth
- Early life
- Career
- Selected publications
- References
Upside down world jerome booth
Early life
Jerome Booth received a Bachelor of Science in Geography from the University of Bristol. He then received an MPhil and DPhil from the University of Oxford.
Career
Booth started his career at the Department of Trade and Industry, where he was responsible for multi-lateral development banks, 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.
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.
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.
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. He was described as "evangelical in his enthusiasm for emerging markets" by The Financial Times. 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. In September 2013, it was announced that he had acquired UK film distributor Icon Film Distribution. Through New Sparta, Booth is also the principal shareholder of New Call Telecom, ExaroNews, CBC Insurance (UK), New Sparta Films, Notgoingtouni, bneIntellinews, Nimbuzz, Walpole Holdings and IO Entertainment.
Booth is also Chairman of Anglia Ruskin University and an Honorary Visiting Professor at Cass Business School. A keen musician, he is also Deputy Chairman of the Britten Sinfonia and a Board Member of the Royal Philharmonic Society. He is also Chairman of the Fitzwilliam Museum Development Trust.
In 2015, The Sunday Times placed Booth on its Rich List with an estimated personal wealth of £112 million.