Pioneers and Specialists in Emerging and Frontier Market Investments
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FUND SNAPSHOT
The Russian Federation First Mercantile Fund remains closed for subscriptions and redemptions and produces monthly estimated prices only.
ABOUT
HISTORY
Russian Federation First Mercantile Fund Ltd
FMG (EU) Rising 3 Fund
FMG (EU) China Fund
FMG (EU) Iraq Fund

INVESTMENT STYLE
INVESTMENT ADVANTAGES
Efficient access to the world’s fastest growing and most exciting Emerging Markets
Diversification by investing with multiple managers with different investment styles
Experienced investment committee with a world wide network since 25 years
New innovative investment funds in emerging and frontier markets
PEOPLE

Johan G. Kahm
Principal
Johan was born in Sweden. He worked as an analyst at Alfred Berg Fondkommission an investment bank in Stockholm between 1968 – 74. He later moved to Dominick & Dominick in New York and worked in stock broking for two years. In 1976 Johan founded International Forecasting Corporation (IFC) a systematic investment management company focusing on foreign exchange and bond trading. In 1989 he co-founded FMG and has since been responsible for product and business development.

Claire Camilleri Gauci
Director & MLRO
Claire started her career at the Central Bank of Malta in the Banking Regulation and Compliance Section, and subsequently the Malta Financial Services Authority (MFSA), thereafter working with major public and private investment service companies. Claire has an MBA degree from the Grenoble Graduate School of Business, a post grad in Marketing and a Diploma in Operations and Compliance from the London School of Economic, a Diploma of the UK Chartered Institute of Insurance and completed the IFSP Trust Course.

Arild Johansen
Investment Committee Member
Arild is based in Norway, however spent much of his life in the U.S. He received his degrees from the University of Wyoming in finance and business administration. He started his career as a research analyst with Caldor, a retail chain. He then joined FMG in 1992 as chief analyst, responsible for identifying top-quality fund managers. Today Arild is part of the team responsible for sourcing new managers, identifying strategic global macro investments, and monitoring existing managers and portfolios.

Karl Tonna
Chief Investment Officer
After graduating from the University of Malta with a B.Com (Hons). degree in Banking and Finance in 2006, Karl started his career with Middlesea Valletta Life, the largest life assurance company in Malta, where he managed the cash, liquidity and foreign exchange desk. He then moved on to work for a top local broker where he was responsible for trading and research analysis of various securities. After a brief stint working as a treasury analyst at a local bank, he joined SphereInvest, a specialist fixed income manager. Here he co-managed a fund focusing on high yield bonds and was also responsible for the trading and credit analysis for the fund. In 2015 Karl joined FMG and acts as the Group’s Chief Investment Officer.

You?
We are continually looking for motivated professionals to complement our team. The entrepreneurial environment at FMG is dynamic and challenging, and each individual is encouraged to achieve their maximum potential supported by their colleagues. We recognize individual contribution and provide opportunities for advancement, professional growth and reward. If you believe you share our values, contact us.

Gunnar Christian Detlie
Group Chief Operating Officer
Gunnar is based in Norway and received his undergraduate degree, a BSc in Economics, from the Norwegian Business School. He later attained a Master of Philosophy in International Finance, from the University of Glasgow. From 1998 – 2000 he worked with Avanse Forvaltning AS (now DNB Asset Management), one of the largest asset managers in Norway. In 2000 he joined and was later appointed Head of Trading at E*TRADE Norway ASA. In 2002 Gunnar joined FMG, and today overseas group operations along with new business development.

Henrik Kahm
Investment Analyst
Henrik joined FMG in 2006 after graduating from Lund University, School of Economics and Management in Sweden, with an MS degree in Business and Economics. He spent his first 5 years at FMG working at the Dubai office. There he was responsible for the Africa, Middle East and North Africa (MENA) regions. Today he is located in the Swedish office and focuses his efforts on research activities and investment portfolio monitoring within emerging and frontier markets.
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