April 21, 2022 – Arisaig Partners

Reflections on China in 2021 – building for the long term

From the perspective of equity investors in China, 2021 will go down as a year to forget. The period was marked by a number of high profile regulatory interventions, and the related announcement of the Government’s so-called ‘Common Prosperity Agenda’ was interpreted by some as an assault on private capital. Sentiment towards China was further […]

Approaching country risk in emerging markets – does Russia change anything?

The recent humbling experience in Russia raises the question as to how we deal with country risk in our allocation decision-making. The first thing to say is that we do not attempt to slalom between emerging market geographies according to short-term macro bets. Our preference is to identify companies with sufficient structural growth prospects and […]

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