Unlocking Value Globally ®

Active Ownership in Emerging Markets ®

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Cartica Management, LLC is a concentrated, “active owner” in small and mid-cap companies in the emerging markets. Founded by a team of emerging markets and corporate governance experts that includes former executives of the International Finance Corporation (IFC), a member of the World Bank Group, the firm actively engages with management teams, boards, and shareholders to drive long-term, value enhancing improvements in corporate governance, environmental and social factors.

Headquartered in Washington, D.C., the firm is majority women-owned and a registered investment advisor with the United States Securities and Exchange Commission (SEC).

Our Approach

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Bottom-Up Company Selection

We perform rigorous analysis of the company’s financials and business model in private-equity style depth.  We assess the integrity of management, board and shareholders, and we review the treatment of minority shareholders.

Top-Down Country Selection

At Cartica, we believe differentiation among emerging market countries is a key competitive advantage to our investment approach.


We work pro-actively with each of our companies and tailor our engagement strategies to the structural nuances of emerging market companies and the capital markets in which they operate.

Our Professionals

  • Teresa C. Barger
    Co-Founder & CEO

    “Our key goal at Cartica is to protect the rights of all shareholders while delivering exceptional absolute and relative returns.  We recognize the opportunity to help fund the pensions of retirees, the research and scholarships of universities, and the programs of endowments or other investors.  I believe we do these things best supported by a culture of integrity, debate, and respect.” 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 & Global Strategist

    Mrs. Khambata is one of the world’s foremost experts on emerging markets. As Co-Founder and Global Strategist, she helps shape Cartica’s investment approach, country allocation and portfolio construction. 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

    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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  • Brian Coad
    Managing Director & Chief Operating Officer

    Mr. Coad, Managing Director and Chief Operating Officer of Cartica, is responsible for overseeing Cartica’s finance, operations, investor relations, legal and compliance functions. A seasoned senior leader, he has a distinguished track record of creating operational and financial infrastructures to accelerate and support growth.

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