Gramercy Snags JP Morgan Vets To Run New Emerging Markets Debt Strategies

Jun 29 2010 | 9:47am ET

Emerging markets investment management firm Gramercy has added two former JP Morgan executives its ranks in preparation for the upcoming launch of three new debt strategies.

Jeffrey Grills and Gunter Heiland join Gramercy from JP Morgan Asset Management where they served as portfolio managers and co-heads of the emerging markets debt group where assets under management peaked at $12 billion under their leadership.

On July 1, the new team will launch three emerging markets debt strategies: emerging markets U.S. dollar sovereign debt, emerging markets local currency sovereign debt, and emerging markets corporate debt. Grills and Heiland will work closely with Robert Rauch, a partner at and head of research at Gramercy, to co-manage the emerging markets corporate debt strategy.

"Gramercy now has a significant presence in the performing sovereign and corporate debt markets that complements our current capabilities in the distressed debt areas of emerging markets, where we have been the market leader for over 12 years," said Robert Koenigsberger, founder and chief investment officer of Greenwich, Conn.-based Gramercy. "We are uniquely positioned to enable our clients to seamlessly asset allocate across all emerging markets debt, spanning performing and distressed credits.”

“Investor demand for emerging markets debt exposure continues to grow given this market’s $2 trillion size, broad diversity of credit issuers, geographies and currencies, and a return profile that produced better results with significantly less volatility than other markets over the past decade,” said Heiland.  “We know investors will benefit from Gramercy’s ability to access multiple segments of emerging markets investments via a single platform.” 

Gramercy was founded in 1998 and now manages over $2.6 billion in a number of emerging markets investment strategies—both alternative and long-only. The firm has 62 employees, 31 of whom are dedicated investment professionals.


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