Wed, May 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gramercy launches corporate and high yield emerging markets UCITS funds

Wednesday, September 18, 2013

Bailey McCann, Opalesque New York:

Connecticut-based Gramercy Funds Management, has launched two new UCITS funds, based on existing emerging markets corporate debt and emerging markets high yield strategies. The funds - Gramercy Corporate Emerging Market Debt launched with $25m and Gramercy High Yield Corporate Emerging Market Debt launched with $50m, both were seeded by prominent European investors. Gramercy itself has $3.7bn in assets, with a core focus on emerging markets.

Specifically, Gramercy Investment Funds PLC, an Irish-domiciled company, initially established the Gramercy Corporate Emerging Market Debt Fund and the Gramercy High Yield Corporate Emerging Market Debt Fund. Both sub-funds will invest in diversified portfolios predominately composed of fixed-income securities issued by corporate entities located in emerging markets. The funds will look to continue the three-year record of success of their hedge fund counterparts.

Gunter Heiland and Jeff Grills, Managing Directors and Co-Heads of the Emerging Markets Debt Group at Gramercy, will manage the funds.

Gramercy believes the opportunity set for investing in EMD is strong. EMD has generated high returns relative to other global opportunities while providing diversification benefits to portfolios. Yields are greater than many advanced economies, while emerging markets fundamentals are improving. Heiland ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  2. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  3. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  4. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

  5. Aberdeen Asset Management suffers high emerging market outflows[more]

    From FT.com: Investors withdrew billions of pounds from Aberdeen Asset Management as money continued to drain from Europe’s largest independent investment group because of worries over emerging markets. Net outflows for the six months to the end of March rose to £11.3bn, higher than market expectati

 

banner