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Julian Adams by Beverly Chandler, Opalesque London:

Specialist emerging market manager Adelante Asset Management has a story to tell that reflects the experience of many in the specialist investment management world over the last decade or so.

Chief Investment Officer Julian Adams launched their flagship Emerging Debt fund in 1999 and the fund has a 12 year track record with a return since inception of 565.4%. Over that period, the fund has enjoyed positive years for every year except for 2008, with two years, 2003 and 2009 showing returns of 47.4% each, while 2008 saw a loss of 17.9%.

Adams set up Adelante, entirely owned by its employees in 2009 and its employees represent nearly 9% of assets under management which total $120m. Adams fund launched whilst he was at Aberdeen Asset management, he later bought it back from Threadneedle in 2009. Effectively the business is a new venture around an original fund. The Emerging Debt fund has $75m under management and other funds within Adelante include Emerging Equity at $20m and an Exotic fund with $20m.

Adams first became interested in emerging markets when travelling 24 years ago. "I was attracted to the least developed countries while visiting South America and discovered there were markets for these wonderful countries and their debt" he says. The Emerging Debt funds returns he puts down to the way the firm does country selection.

"Emerging market investment is about avoiding pitfalls just as much as ......................

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