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Financial Times and OppenheimerFunds launch award for artists in emerging markets

The Financial Times and OppenheimerFunds today announce the launch of the FT/OppenheimerFunds Emerging Voices Award, a global initiative designed to recognize artistic talent across more than 100 emerging market nations. The winners in three categories – fiction literature, film-making and art – will be announced next September and each receive a $40,000 award.

“These awards will recognise the most exciting writers, film-makers and artists coming out of emerging markets in Africa, the Middle East, Asia and Latin America. The growing importance of these regions, both economically and culturally, is recognised in the coverage of the Financial Times and through our specialist publications such as the Confidentials and BeyondBrics,” said Michael Skapinker, FT associate editor and chair of the judges.

Justin Leverenz, Director of Emerging Market Equities at OppenheimerFunds, added: “There is a remarkable structural shift in the world, propelled by economic progress in the developing markets and the advancing ubiquity of the internet. More connectivity and greater heterogeneity of voices in the business, science and arts communities are leading to a new Renaissance. As an influential investor in the world’s developing markets, we want to help amplify extraordinary artistic voices in these countries by providing a platform for the discovery and advancement of this exceptional talent.”

“For more than 50 years, OppenheimerFunds has served investors with high conviction, active management and a long-term global perspective,” says Art Steinmetz, CEO and President of OppenheimerFunds. “In the emerging world, we focus on identifying innovative and entrepreneurial companies, and now we are excited to partner with the Financial Times to recognise noteworthy artists across these countries.”

The Emerging Voices Award will be open to residents or passport holders of emerging nations in three categories:
1. Africa: Works of fiction published in English
2. Asia-Pacific: Films in any language with English subtitles (required)
3. Latin America and the Caribbean: painting, drawing, sculpture, installation, mixed media.

The panel of judges will recognize outstanding talent in each region, with the award given to the nominee whose work exemplifies their art form and best represents the voice of their region.

Shortlisted entrants from each category will be announced in June 2015. All shortlisted participants will be flown to New York for an awards gala in September 2015 where category winners will be announced.

The initiative is supported by an extensive global marketing programme focusing on engagement through social media, arts institutions, embassies, and the FT’s editorial reach. For more information including eligibility and rules on the FT/OppenheimerFunds Emerging Voices Award, please visit ft.com/emerging-voices and join the conversation at #EmergingVoices.

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Kaitlyn Downing

Ryann Gastwirth, Financial Times

About OppenheimerFunds

OppenheimerFunds, a leader in asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $243 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of September 30, 2014.

OppenheimerFunds manages more than $50 billion in emerging market equity portfolios, as of 10/31/14. Oppenheimer Developing Markets Fund (ODMAX) and Oppenheimer Emerging Markets Innovators Fund (EMIAX) represent one of the largest and most successful emerging markets equities franchises in the world.

Founded in 1959, OppenheimerFunds has demonstrated it is a high conviction asset manager with a history of providing innovative investment strategies to its investors. The firm’s 14 distinct, collaborative investment management teams specialize in equity, fixed income, alternative and multi asset funds. OppenheimerFunds and its subsidiaries offer a broad array of products and services to individuals, institutional investors and corporations worldwide. OppenheimerFunds provides advisory services to the Oppenheimer mutual funds, and OFI Global Asset Management offers solutions to institutional clients. For more information, visit oppenheimerfunds.com.

Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. The Fund may invest a significant portion of assets in a particular region, which may increase volatility and exposure to risks associated with that particular region.

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About the Financial Times

The Financial Times, one of the world’s leading business news organisations, is recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 690,000 (Deloitte assured, Q3 2014). Mobile is an increasingly important channel for the FT, driving 60 per cent of subscriber consumption, almost 50 per cent of total traffic and 20 per cent of new digital subscriptions. FT education products now serve two thirds of the world’s top 50 business schools. For news about the FT follow @FTPressOffice.

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