Global Asset Manager Adds New York-Based Manager To Emerging Markets Team

Tom Burroughes

3 September 2014

The TCW Group, the global asset management firm, has appointed Ray Prasad as an emerging markets portfolio manager, based in the firm’s New York office.

He joins portfolio managers Penny Foley and David Robbins in running the TCW Worldwide Opportunities strategy, which has run since 1987, and the TCW Emerging Markets Multi-Asset Opportunities Fund, a parallel mutual fund vehicle that was launched last year.

Prasad was most recently director and senior portfolio manager for emerging markets equities at Batterymarch Financial Management, where he planned and managed the investment process and co-led the emerging markets team, which managed approximately $12 billion in assets at its peak, according to a statement from TCW Group.

Prasad joined Batterymarch in 1996 as an equity analyst covering emerging markets. Earlier in his career, he worked in strategic planning at J. Walter Thompson and at Modi-Revlon.

TCW Group was founded in 1971 and oversees more than $140 billion of client money.