31 Aug 2026
2 minutes
Ninety One, a global, active investment manager with $244.2 billion in assets under management (as at 06.30.26) and a distinctive heritage in emerging markets and international investing, has today announced the appointment of Therese Hernandez as Head of Institutional for the Midwest and Strategic Relationships in the US, as the firm continues to build the depth and breadth of its North American business.
Based in Chicago, Hernandez will be responsible for developing and deepening relationships with institutional investors and consultants across the Midwest, alongside a broader remit for strategic relationships across the US. Her appointment comes as Ninety One continues to see growing institutional demand for active, specialist strategies that can navigate an increasingly multipolar world - from emerging market equity and debt to global and international equity mandates.
Hernandez brings more than three decades of experience working with institutional investors, including 25 years at MacKay Shields. Most recently, she was Managing Director and Head of Public Funds at New York Life Investments, where she led marketing and sales efforts with institutional investors and consulting firms across the US, spanning private equity, private credit and fixed income strategies.
Over the course of her career, Hernandez has developed extensive relationships with investment teams, trustees and consultants across the US. Prior to MacKay Shields, she held institutional roles at MFS Institutional Management, Norwest/Wells Fargo and Northern Trust.
Sangeeth Sewnath, Head of the Americas and Global Head of Client Group: "Therese has spent her career building trusted, long-standing relationships with institutional investors and consultants across the US. That depth of experience, and her understanding of sophisticated institutional clients, will be invaluable as we continue to deepen our presence in North America. Institutional investors are increasingly turning to specialists like Ninety One for differentiated exposure to emerging and international markets, and Therese strengthens our ability to bring that expertise to the Midwest and beyond."
As investors pile into expensive equities and shun government bonds, John Stopford, Head of Managed Income, questions whether market complacency is obscuring one of the more compelling opportunities in fixed income for years.
Oil inventories at decade lows, surging AI demand for power and metals, and mounting pressure on global food production signal a growing squeeze on the world's physical resources.
Partnership underscores the long-term opportunity in emerging market equities.
From generic manufacturing to globally licensed medicines, China's pharmaceutical industry is moving up the value chain, creating new opportunities for equity investors.
The dollar's long-term decline remains intact, but political instability in France and China's preference for gradual currency appreciation could stall its next leg lower. A slowdown in US artificial intelligence investment could accelerate the dollar's decline, and the case for emerging markets extends well beyond currency moves.
One restores smiles; the other repairs hearts. Both have built franchises that go well beyond the device.
Tightening grain markets and rising ethanol demand are creating opportunities across agricultural markets - but not all areas look equally attractive. The strongest return potential, in our view, lies in nitrogen fertiliser, biofuels and seeds.
Higher gold prices, sustained central-bank demand and improved capital discipline could create further upside for gold stocks.
The Institute of International Finance (IIF) today published a new policy paper in partnership with the EMDE Investor Taskforce calling for targeted adjustments and clarifications to the prudential treatment of investments in emerging markets and developing economies (EMDEs) to help mobilize private capital while maintaining robust standards for safety and soundness.
Developed-market bond yields have risen together, but for very different reasons. The contrast between the UK and US shows why investors need to look beneath the headline move.
18 months of deal activity highlights five structural shifts as institutional demand broadens beyond developed markets.
Strategies provide core exposure to emerging market equities through active stock selection and a balanced approach to risk.
Geopolitical fragmentation and constrained supply are creating a new investment backdrop across energy, metals and mining.
The AI theme in credit markets is evolving rapidly, with new financing packages often providing better compensation for risk.
The third vintage in the Emerging Market Senior Credit series reflects continued investor demand for private credit strategies financing businesses and infrastructure across Africa and other emerging markets.
The biggest technology momentum unwind in 27 years is coinciding with a shift on where value will be created across the AI ecosystem.
Overlapping pressures across agriculture, fertiliser and energy markets could create fresh inflationary risks, with diverse implications for central banks and emerging markets.
A shrinking supply of publicly traded shares has underwritten US equity returns for years. A wave of AI-driven listings and issuance is putting that into reverse.
The Emerging Africa & Asia Infrastructure Fund (“EAAIF”) has signed a senior secured debt facility of up to USD 50 million with Ukko Renewable, the Southeast Asian renewable energy platform of Groupe Duval. The financing will help advance an initial 2 GW pipeline of wind, solar and hydropower projects across Vietnam, the Philippines and other regional markets to a ready-to-build stage.
BII and EAAIF, managed by Ninety One, are supporting Blueleaf's expansion in India through a shared financing arrangement. The transaction supports the next phase of Blueleaf Energy’s growth and India’s clean energy transition. The partnership highlights BII’s climate expertise and demonstrates impact investor collaboration to unlock capital for renewable energy infrastructure.
Important Information
This communication is provided for general information only and should not be construed as advice.
All the information in this communication is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessarily reflect those of Ninety One.
Any opinions stated are honestly held but are not guaranteed and should not be relied upon.
All rights reserved. Issued by Ninety One.
For further information on indices, fund ratings, yields, targeted or projected performance returns, back-tested results, model return results, hypothetical performance returns, the investment team, our investment process, and specific portfolio names, please click here.