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 Ashmore Group plc is a large British investment manager dedicated to the emerging markets. Headquartered in London, it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The business, which was establish ...

plc. He is chairman of Anglia Ruskin University, and a former chairman of UK Community Foundations (UKCF).

Early life

Jerome Booth received a Bachelor of Science in Geography from the

University of Bristol The University of Bristol is a public university, public research university in Bristol, England. It received its royal charter in 1909, although it can trace its roots to a Merchant Venturers' school founded in 1595 and University College, Br ...

. He then received an MPhil and DPhil in Economics from the

University of Oxford The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...

Career

Booth started his career at the

Department of Trade and Industry Department of Trade and Industry may refer to: Current * Department of Trade and Industry (Isle of Man) * Department of Trade and Industry (Philippines) * Department of Trade, Industry and Competition (South Africa) Former * Department of Trade ...

, where he was responsible for multi-lateral development banks, before being appointed a strategic planning officer at the

Inter-American Development Bank The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America. It serves as one of the leading sources of development financing for the countri ...

in Washington DC. During this period, Booth was also a lecturer in Economics at

Christ Church, Oxford Christ Church (, the temple or house, ''wikt:aedes, ædes'', of Christ, and thus sometimes known as "The House") is a Colleges of the University of Oxford, constituent college of the University of Oxford in England. Founded in 1546 by Henry V ...

. 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. In 1999, Booth was part of the management buy-out of ANZ Investment Bank that established

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. 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. He was described as "evangelical in his enthusiasm for emerging markets" by ''The Financial Times''.Pauline Skypala
EM enthusiast prepares for a variety of scenarios
''Financial Times'', 4 December 2011 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. Booth is also the principal shareholder of New Sparta Productions and Notgoingtouni. Booth is also former chairman of Anglia Ruskin University, former chairman of UK Community Foundations (UKCF) and an honorary visiting professor at Cass Business School. A keen musician, he is also chairman of the Britten Sinfonia and a board member of the Royal Philharmonic Society. He was previously chairman of the Fitzwilliam Museum Development Trust. Booth is also a director of the

Global Warming Policy Foundation The Global Warming Policy Foundation (GWPF) is a charitable organisation in the United Kingdom whose aims are to challenge what it calls "extremely damaging and harmful policies" envisaged by governments to mitigate anthropogenic global warming ...

Selected publications

*''Emerging Markets in an Upside Down World: Challenging Perceptions in Asset Allocation and Investment (The Wiley Finance Series)'', 2014.

References

{{DEFAULTSORT:Booth, Jerome 1963 births Living people British economists Alumni of the University of Bristol Alumni of the University of Oxford Academics of Bayes Business School English investors