HARDING LOEVNER LP

Harding Loevner LP is a private investment management company. The company can trace its history back to 1989, when David R. Loevner and Daniel D. Harding, who had both worked previously at Rockefeller & Co., decided to establish a company with the focus on “managing global, international, and emerging markets equity portfolios, using a fundamental research process with a global perspective on industry competitive structures.” While Harding has retired from an active role in the firm sin 2003, officially retiring from the firm altogether in 2008, and has been replaced by Simon Hallett, who had also managed assets for Rockefeller & Co. on behalf of Jardine Fleming Investment Management, David Loevner has continued his position as the CEO of the firm. The firm would continue to grow and introduce variety of investment strategies in its history including a dedicated emerging markets equity strategy in 1998 and a frontier emerging markets strategy in 2008. Affiliated Managers Group would acquire an interest in Harding Loevner in 2009, although it would sell its holding in the company to Titan Nj Lp Holdings who currently has the controlling majority share in the company at approximately two thirds of the total shares. The rest of the ownership in the company is held by David Loevner, Simon Howlett, and a variety of key executives, in order of decreasing ownership. Harding Loevner currently has 87 employees with 5 investment advisors and 12 broker dealer representatives. It holds over $40 billion in total assets under management spread across over 17,000 accounts. Both its total number of accounts and total assets under management have been increasing in recent years, with its assets under management growing over ten times its amount of $3.3 billion in 2010. The majority of its clients are high net worth individuals, which alone makes up approximately half of its client base, and also includes individuals, investment advisors, state or municipal government entities, and others, in order of decreasing clientele. The company’s mutual fund offerings include its Global Equity, International Equity, International Small Companies, Emerging Markets, and Frontier Emerging Markets strategies.