Jerome Booth

Jerome Booth
Education University of Bristol
University of Oxford
Occupation Investor
Net worth GBP £112 million[1]
Title Dr

Jerome Paul Booth (born July 1963) is a British economist, author, emerging markets investor and Chairman of New Sparta. He was previously Head of Research at emerging market asset manager Ashmore Group plc. He is also the principal shareholder of Icon Film Distribution UK.

Early life

Jerome Booth received a Bachelor of Science in Geography from the University of Bristol. He then received an MPhil and DPhil from the University of Oxford.

Career

Booth started his career at the Department of Trade and Industry, where he was responsible for multi-lateral development banks,[2] before being appointed a strategic planning officer at the Inter-American Development Bank in Washington DC. During this period, Booth was also a lecturer in Economics at Christ Church, Oxford.

In 1994, Booth joined ANZ as Head of Research for the Emerging Markets Group before being appointed Head of Market Research for ANZ Investment Bank with global responsibility for fixed-income and foreign exchange research.[3]

In 1999, Booth was part of the management buy-out of ANZ Investment Bank that established Ashmore Group plc, the emerging market asset management firm, and was appointed Head of Research and spokesperson. The team bought ANZ Emerging Market Fund Management, which had approximately $500m in assets, and listed it on the London Stock Exchange.[4]

While at the company Booth was a high-profile advocate for emerging markets and argued that investors should allocate half of their portfolio to emerging market assets.[5] He was described as "evangelical in his enthusiasm for emerging markets" by The Financial Times.[6] In 2014, he also published 'Emerging Markets in an Upside Down World', a critique of finance theory, that argued that investors had underestimated risk in the developed world and overestimated it in the emerging markets.

In 2013, Booth retired from Ashmore to establish New Sparta, a London-based investment vehicle.[7] In September 2013, it was announced that he had acquired UK film distributor Icon Film Distribution.[8] Through New Sparta, Booth is also the principal shareholder of New Call Telecom, ExaroNews, CBC Insurance (UK), New Sparta Films, Notgoingtouni, bneIntellinews, Nimbuzz, Walpole Holdings and IO Entertainment.[9]

Booth is also Chairman of Anglia Ruskin University[10] and an Honorary Visiting Professor at Cass Business School.[11] A keen musician, he is also Deputy Chairman of the Britten Sinfonia[12] and a Board Member of the Royal Philharmonic Society.[13] He is also Chairman of the Fitzwilliam Museum Development Trust.

In 2015, The Sunday Times placed Booth on its Rich List with an estimated personal wealth of £112 million.[1]

Selected publications

References

  1. 1 2 "Sunday Times Rich List". The Sunday Times (page 82). 26 April 2015.
  2. ↑ "Why the Credit Crunch Is Good for Emerging Markets". CFA. Retrieved 14 May 2015.
  3. ↑ "The Billion Dollar Interview: Jerome Booth, Head of Research at Ashmore Investment Management". Eurekahedge. Retrieved 14 May 2015.
  4. ↑ "U.K's Ashmore Group Aims to Deepen Emerging Markets Presence". Institutional Investor. Retrieved 14 May 2015.
  5. ↑ "Too much of a good EM thing is just right". FT. Retrieved 14 May 2015.
  6. ↑ Pauline Skypala, EM enthusiast prepares for a variety of scenarios, Financial Times, 4 December 2011
  7. ↑ "Ashmore Group's Booth Retires as Research Head, Replaced by Dehn". Bloomberg. Retrieved 14 May 2015.
  8. ↑ Stuart Kemp, U.K. Investment Firm New Sparta Acquires Icon Film Distribution, The Hollywood Reporter, 23 September 2013
  9. ↑ "New Sparta Group Companies". New Sparta. Retrieved 14 May 2015.
  10. ↑ "Dr. Jerome Booth - Anglia Ruskin University". Anglia Ruskin University. Retrieved 14 May 2015.
  11. ↑ "The difference between perception and reality is enormous". Cass Business School. Retrieved 14 May 2015.
  12. ↑ "Meet the Trustees". Britten Sinfonia. Retrieved 14 May 2015.
  13. ↑ "Trustees". Royal Philharmonic Society. Retrieved 14 May 2015.

External links

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