About
Paul Espinosa is Co-Chief Investment Officer and Lead Portfolio Manager at Seafarer Capital Partners, LLC, based in California. In his current role, he leads the Seafarer Overseas Value Fund and is also a Lead Portfolio Manager for the Seafarer Overseas Growth and Income Fund, with responsibilities spanning investment strategy, risk management, and portfolio compliance for the firm’s developing markets offerings.
Espinosa specializes in equity analysis and portfolio management within emerging and frontier markets, focusing on value investing strategies. His coverage includes core, small cap, and market-neutral strategies, with sector expertise in industries such as industrials and consumer goods in global emerging markets.
Previously, Espinosa served as an equity research analyst at Legg Mason in London, overseeing stock selection for industrial and consumer sectors, and worked with the same team at Citigroup Asset Management and J.P. Morgan Investment Management in New York. He began his investment career in corporate finance at Salomon Brothers. Espinosa holds an A.B. in Economics with Honors from Brown University, is a CFA charterholder, and is recognized for his thought leadership and mentorship within the emerging markets investment space.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Seafarer Capital Partners | Portfolio Manager | May 2014 to Present | — |
| Legg Mason | Equity Research Analyst | Jan 2006 to Jul 2012 | Responsible for stock selection in global emerging market portfolios. Focused on consumer and industrial sectors. Evaluated short-term earnings prospects as well as the normalized earnings power of ... |
| Citigroup Asset Management | Equity Research Analyst | Apr 1999 to Dec 2005 | Responsible for stock selection in the consumer sector focusing on Latin America and EMEA. Responsible for creating a PPP-based long-term foreign exchange model; extensive work in setting normalized c... |
| J.P. Morgan Investment Management | Equity Research | Sep 1997 to Mar 1999 | Performed buy-side fundamental research in emerging markets, with a strong focus on DDM valuations. |
| Salomon Brothers | Analyst | Jul 1996 to Jul 1997 | Analyst in the Financial Institutions Group. Performed valuation analysis of commercial banks for M&A transactions. Modelled M&A transactions using pooling and purchase accounting. Prepared selling me... |
Education
Brown University
B.A., Economics
Others at Seafarer Capital Partners, LLC (4)
| Name | Role | Location |
|---|---|---|
 | Co-Portfolio Manager, Seafarer Overseas Growth and Income Fund | San Francisco, CA , United States |
L Lydia So | Portfolio Manager | San Francisco, CA , United States |
N Nicholas Borst | Vice President, Director of China Research | San Rafael, CA , United States |
B Brent Clayton | Senior Analyst, Analyst | United States |