Terra Nova Capital | Evli Group

Advisor to the Evli Emerging Frontier Fund (Bloomberg ticker: EVEMFRB FH). Evli Emerging Frontier is a $300m index-agnostic, absolute return oriented, bottom-up fund that invests in misunderstood and undervalued high-quality growth companies listed on stock exchanges in developing countries across Asia, the Middle East, Africa, Latin America, and Eastern Europe. Launched in late 2013, the fund has been recognized as the #1 best performer out of all 1,500 emerging market funds listed on Bloomberg for the past 10 years returning 3.5x, as well as the #1 best performer for the past 5 years with an average annual return of 25% compared to the index's return of 10%. It has also received accolades from Morningstar, Citywire, and Lipper which gave it the Best Global EM Equity Fund in Europe award in 2023, 2024, and 2025. The fund's clients include pension funds and insurance companies in Finland and Sweden, as well as family offices in other parts of Europe and in the Middle East. The boutique investors distinguish themselves by meeting every single company before investing, analyzing alpha-accretive ESG factors in their company assessment, and engaging with companies through active ownership to unlock value. In order to get deeper immersion in the markets in which they invest, the investment duo spent 12 months living in 12 different emerging markets with their families, a project which was featured in a Bloomberg News article and a Bloomberg Odd Lots podcast. They have received a great deal of positive feedback on their entertaining and widely-read trip reports which they publish on their website. Terra Nova Capital is part of the Evli Group, Finland's largest independent asset management firm with $20 billion AUM. Evli is listed on the Nasdaq Helsinki stock exchange, and became an early signatory to the Principles for Responsible Investing in 2010. In 2024, Evli was recognized by Morningstar as the best fund house in Finland and Sweden.