Thu, Aug 21, 2014
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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added