FIRM DESCRIPTION
Vergent Asset Management LLP, (“Vergent” or “the Firm”) is a discretionary asset manager registered as an
investment adviser with the SEC under the U.S. Investment Advisers Act of 1940. The Firm specializes in
frontier and emerging market global equity investments. Vergent was founded in 2017.
Vergent is strictly a fee-only investment management firm. The Firm does not sell annuities, insurance,
stocks, bonds, mutual funds, limited partnerships, or other commissioned products.
Vergent primarily provides investment advice and management on a discretionary basis to U.S. and non-
U.S. accounts. However, consistent with prior SEC precedent, the substantive provisions of the
U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”) generally will not apply to the
Adviser’s relationship with its non-U.S. clients, except to the extent otherwise required by applicable law.
PRINCIPAL OWNERS
CC&L UK Holdings Ltd. and Ali Al-Nassir are the only partners that hold greater than 25% of the Partnership.
Connor, Clark & Lunn UK Ltd. is owned 100% by Connor, Clark & Lunn UK Holdings Ltd. which in turn is
100% owned by Connor, Clark & Lunn Financial Group LP. Connor, Clark & Lunn Financial Group LP is
99.9% owned by Connor, Clark & Lunn Financial Group Investment Partnership which in turn is owned
99.9% by Connor, Clark & Lunn Financial Group Ltd.
TYPES OF ADVISORY SERVICES
Vergent provides asset management services. The Firm provides professional management of financial
assets for a variety of clients which currently and in the future may include pension fund sponsors,
corporations, foundations, and private investment funds.
Assets
under Management (December 31, 2022)
Discretionary Assets: US$232.4 Million
Non-Discretionary: —
Total: US$232.4 Million
TAILORED RELATIONSHIPS
Vergent acts as a discretionary investment adviser to two private investment funds, both fund’s investment
strategies are not customizable.
Firm Brochure 6
In addition to managing private funds (the “Vergent Funds”), Vergent also offers discretionary advisory
services to managed accounts (the “Client Accounts”), which may be owned by private investment funds
sponsored by third party or affiliated advisers or other clients. The terms, nature and scope of such advisory
services may be negotiated by Vergent and the applicable client, based on the client’s specific financial and
investment objectives, risks and goals.
TYPES OF AGREEMENTS
The following agreements define the typical client relationships.
INVESTMENT MANAGEMENT AGREEMENT OR MANAGED ACCOUNT AGREEMENT
An Investment Management Agreement or Managed Account Agreement is executed between Vergent and its
clients. The annual fee for an Investment Management Agreement or Managed Account Agreement is negotiable,
and depends on the investment mandate for which Vergent is retained.
TERMINATION OF AGREEMENT
A Client may terminate any of the aforementioned agreements at any time by notifying Vergent in writing.
If the client made an advance payment, Vergent will refund any unearned portion of the advance payment.
Vergent may terminate any of the aforementioned agreements at any time by notifying the client in writing.
If the client made an advance payment, Vergent will refund any unearned portion of the advance payment.