Unlocking Value Globally ®

Active Ownership in Emerging Markets ®

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Cartica Management, LLC is an independent, employee-owned investment boutique focused exclusively on emerging markets. We manage a concentrated portfolio of high-quality emerging market companies for several of the world’s largest institutional investors.

It’s our philosophy to actively engage with the management of all our portfolio companies to seek value-enhancing improvements in ESG and related factors.

Founded in 2009 by senior professionals from the World Bank’s International Finance Corporation, Cartica is a majority women-owned and women-led firm. Headquartered in Washington, D.C., the firm is a registered investment advisor with the United States Securities and Exchange Commission.

*Registration with the Securities and Exchange Commission (“SEC”) does not imply a certain level of skill or training and does not mean that the SEC or any other agency has sponsored, recommended or approved the firm.

Our Approach

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Bottom-Up Company Selection

Investigative due diligence and fundamental research to identify companies trading below their intrinsic value.

Dynamic Macro and Country Research

Continuous macro and country analysis helps to inform, contextualize, and mitigate investment risk.

ESG Engagement

Working to create value for portfolio companies by promoting improvements in ESG management alongside capital market-facing issues.

Our Leadership Team

  • Teresa C. Barger
    Co-Founder & CEO

    Ms. Barger, Co-Founder and CEO of Cartica, is a leading portfolio manager in Emerging Markets, with over 30 years experience managing global investments in developing markets. Prior to co-founding Cartica, Teresa was a senior member of the International Finance Corporation, where she held numerous positions during her 20+ year tenure.

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  • Farida Khambata
    Co-Founder

    Mrs. Khambata is one of the world’s foremost experts on emerging markets. As Co-Founder, she helps shape Cartica’s investment approach. Her expertise is supported by her more than 30 years tenure as a senior member of the World Bank and International Finance Corporation.

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  • Steven J. Quamme
    Co-Founder, President & COO

    Mr. Quamme is Co-Founder and Senior Managing Director at Cartica and is a member of the Investment Committee. He has extensive investing and operations expertise, and helps oversee Cartica’s investments, portfolio construction, and operations. Before co-founding Cartica, he was founder and COO of a private investment fund focused on governance and relational investing in the U.S.

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  • Emily Alejos, CFA
    Senior Managing Director, CIO

    Ms. Alejos is a Senior Managing Director and the Chief Investment Officer of Cartica.  She is also a member of the Investment Committee. A seasoned investor, she has more than 25 years’ experience investing in emerging markets equities.

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  • Kate Ahern
    Managing Director, Head of ESG

    Ms. Ahern is a Managing Director and the Head of ESG for Cartica. An ESG expert, Ms. Ahern brings more than 15 years of ESG and impact investing experience to Cartica’s portfolio companies.

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Newsroom & Opinion

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Quick Takes: Capital Allocation – It’s Urgent

October 3, 2022

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Letter from the CEO – ESG Naysayers: Cartica’s Response

July 27, 2022

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