NEW VERNON INVESTMENT MANAGEMENT LLC — 13F Portfolio

NEW VERNON INVESTMENT MANAGEMENT LLC is a New York–based investment management firm operating in a hedge-fund style structure, with a focus on emerging markets and, in particular, India-related opportunities. The firm manages capital for institutional investors, family offices, and sophisticated high-net-worth clients through private pooled vehicles and separate accounts. It pursues active, research-driven strategies rather than benchmark-hugging mandates. New Vernon Investment Management operates as an SEC-registered investment advisor and files quarterly Form 13F reports under CIK #0001500605. These filings disclose the firm’s long positions in U.S.-listed securities, including American Depositary Receipts (ADRs) of non-U.S. companies and exchange-traded funds (ETFs) that provide emerging markets exposure. The 13F data does not include any non-U.S.-listed local shares, derivatives, or short positions that may be important components of the firm’s broader mandate. On the analytics platform, the accumulated 13F History provides a structured view of how the firm’s U.S.-listed emerging-markets footprint has evolved through different market and macro cycles.

New Vernon Investment Management follows a fundamentally driven, emerging-markets strategy with a strong specialization in India and related opportunity sets. The investment process typically blends bottom-up stock selection with a top-down appreciation of macroeconomic, policy, and currency dynamics that are especially relevant in developing markets. Companies are evaluated on business quality, governance, balance sheet strength, and valuation, with particular attention to how local reforms, regulatory changes, and growth trends affect long-term cash generation and capital allocation. Within the U.S.-reportable book, the 13F Portfolio Composition often features ADRs of Indian and other emerging-market companies, alongside EM-focused ETFs and, at times, select U.S. issuers whose fortunes are closely tied to emerging markets demand (for example, global cyclicals or commodity producers). Sector exposures tend to cluster in financials, consumer, industrials, and selected technology or healthcare names, reflecting where the manager sees sustainable growth, improving governance, or structural under-penetration of products and services. The overall mandate is long-biased and may be implemented as long-only, long/short, or through combinations of public and private instruments; however, only the long U.S.-listed equity sleeve is visible in 13F. Turnover in the disclosed positions is generally moderate: New Vernon is prepared to hold high-conviction ideas across multiple years as reforms and corporate actions compound value, but will adjust the portfolio as country risk, policy regimes, or company fundamentals change. On the platform, the Portfolio Simulator can be used to build a rules-based replication of the 13F holdings to study how this emerging-markets tilt would have shaped a notional capital trajectory over time.

NEW VERNON INVESTMENT MANAGEMENT LLC represents a specialized, fundamentally oriented approach to emerging-markets investing, with a particular emphasis on India and EM-linked franchises. The 13F record shows a portfolio that diverges meaningfully from standard U.S. benchmarks, expressing country and sector views via ADRs, EM ETFs, and select global companies levered to developing-market demand. This structure offers exposure to differentiated growth and reform stories, but also introduces higher sensitivity to EM-specific shocks, currencies, and policy cycles. On the analytics platform, allocators can transform the firm’s disclosures into a normalized Historical Track Record, rescaled to a chosen starting capital, to examine the compounding behavior of the U.S.-listed emerging-markets sleeve through multiple global and regional regimes. Comparing its Sharpe Ratio to both broad U.S. equity benchmarks and to EM-focused indices allows for a clearer assessment of whether New Vernon’s active country and security selection has historically produced attractive risk-adjusted outcomes or primarily additional volatility. Overlaying this with detailed inspection of 13F Portfolio Composition—by issuer domicile, sector, and instrument type—enables more granular attribution of country and sector tilts. Combined with drawdown and stress analysis using Max Drawdown Depth via Performance Backtests Online, these diagnostics help an allocator evaluate how an allocation modeled on New Vernon’s observable sleeve might interact with an existing portfolio. The key open question is how such an India- and EM-centric, fundamentally driven approach would respond if global leadership were to rotate either decisively toward developed-market defensives or toward a new set of emerging-market winners different from those that have dominated New Vernon’s historical replication window.

The risk profile of New Vernon Investment Management’s strategy, as seen through its 13F filings, is shaped by both emerging-markets equity risk and the specific characteristics of India-related assets. Key risk drivers include: - Country and political risk: shifts in regulatory frameworks, taxation, capital controls, or reform trajectories can materially affect valuations and investor sentiment. - Currency risk: the interaction between local currencies and the U.S. dollar can amplify or dampen equity price movements for U.S.-domiciled investors. - Liquidity and market depth: smaller and mid-cap issuers, common in EM exposure, can exhibit sharp price gaps during stress. Because the 13F book is long-only, it is inherently exposed to drawdowns during global risk-off phases, EM-specific selloffs, or periods of domestic political uncertainty in key markets. The day-to-day Volatility Profile of a 13F-replicated portfolio is typically higher than that of a purely U.S.-large-cap index, reflecting both emerging-market beta and more concentrated sector and country tilts. Analyzing historical Max Drawdown Depth on a replication of New Vernon’s disclosed holdings across known stress periods—such as EM currency crises, global growth scares, or sharp rotations out of risk assets—helps frame the scale and duration of equity downside in the visible sleeve. At the total-fund level, the manager may use short positions, derivatives, or allocations to local markets not captured in 13F to reshape risk, so the long-only drawdown profile should be viewed as an upper bound on the equity component rather than a complete description of partnership-level risk.