Kate Jaquet

Kate Jaquet is a Co-Portfolio Manager at Seafarer Capital Partners and a Co-Manager of the Seafarer Overseas Growth and Income Fund. Seafarer says she joined the firm in 2011; SEC filings state she has been a Co-Portfolio Manager of the Growth and Income Fund since June 2016.

Before Seafarer, Jaquet’s career focused on credit analysis in emerging and developed markets. She was a senior research analyst in the high yield group at Seneca Capital Management, where she covered metals and mining, oil and gas, utilities, and emerging-market sovereign and corporate issuers. Earlier, she worked at Credit Suisse First Boston, first as an investment banking analyst in the Latin America group and later as a research analyst covering bond issuers in Latin America and Asia.

Jaquet began her career as an economic policy researcher for the Adam Smith Institute in London. She holds a B.Sc. with Honors in Economics and Government and an M.Sc. in Economics and Public Policy, both from the London School of Economics.

Seafarer Capital Partners was founded in 2011 and describes itself as a wholly employee-owned investment adviser in the San Francisco Bay Area. The firm specializes in co-mingled, long-only emerging-markets funds and advises the Seafarer Overseas Growth and Income Fund and Seafarer Overseas Value Fund.

• Seafarer’s stated philosophy is that long-term, disciplined active management can improve performance and reduce volatility in developing-market portfolios.
• The firm seeks to exploit structural inefficiencies and benchmark biases in emerging markets through bottom-up fundamental research.
• The Growth and Income Fund invests primarily in securities of companies located in developing countries, including dividend-paying common stocks, preferred stocks, and fixed-income securities.
• The strategy favors companies that can generate sustained financial performance and steady or growing dividends, viewing dividends as a signal of durable corporate quality.
• Seafarer’s research process focuses on cash flow, capital structure, control parties, governance risks and benefits, valuation, and long-term business fundamentals.
• The firm is long-only and says it avoids short-term theme chasing and market timing.
• The research process includes primary documents, industry work, financial modeling, management interaction, onsite visits where possible, group review, and ongoing monitoring.
• Jaquet has been publicly associated with Seafarer’s risk-management work, including issuer risk analysis and macro currency risk modeling.