- On March 31, 2025, GAM Investments and Gramercy Funds Management LLC entered into a strategic partnership, with Gramercy intending to become the delegate investment manager (sub-advisor) for all GAM’s Emerging Markets Debt (EMD) strategies, pending the attainment of regulatory approvals and operative documentation.
- Gramercy, an asset manager with $6 billion of AUM, brings 27 years of experience in emerging markets investing to the partnership.
- Gramercy’s investment management team has demonstrated a strong track record across a wide range of emerging market debt strategies, including USD sovereign debt, local markets sovereign debt, corporate debt, high yield corporate debt and blend strategies. To provide clients with seamless access to our capabilities, Gramercy offers EM Debt strategies in commingled funds (including UCITS and 40 Act structures), separately managed accounts, and funds of one.
- The partnership with GAM represents a new step in Gramercy’s diversified growth strategy that makes use of its existing, scalable resources and capabilities to successfully deliver results for clients worldwide.
- The role is a natural fit for the firm, allowing Gramercy to apply its investment expertise and have a positive impact on clients’ well-being and financial future.
- GAM Investments is an independent, active asset manager listed in Switzerland with CHF 16.3 billion ($18.5 billion) in assets under management. Founded in 1983, GAM has offices in 14 countries and delivers investment solutions across its Investment and Wealth Management businesses. GAM’s EMD strategies comprise five funds with more than $400 million of AUM.
- GAM’s current Investment Director for EM Debt, Paul McNamara, is retiring after 28 years in the asset management industry. Mr. McNamara will remain at GAM until later in 2025, ensuring a smooth transition.
- Gramercy’s Deputy Chief Investment Officer and Head of EM Debt Philip Meier, who has more than 18 years of investment experience as an EM portfolio manager, will lead the management of the GAM portfolios. Mr. Meier has been instrumental in providing portfolio direction over the course of his accomplished career.
- Managing Director and Portfolio Manager Belinda Hill, and Director and Research Analyst John Wright, along with the rest of the Gramercy EMD team, will work with Mr. Meier to manage the GAM EMD assets. Gramercy’s Co-Heads of Sovereign Research Petar Atanasov and Kathryn Exum will also work with the portfolio management team to deliver key research analytics.
- Gramercy Chair Mohamed A. El-Erian and Managing Partner and Chief Investment Officer Robert Koenigsberger interact with the portfolio managers on a daily basis to assess markets, manage risk and identify opportunities.
- Investment decisions will continue to be carefully considered with both a top-down and bottom-up view in investment committee meetings led by Dr. El-Erian and Mr. Koenigsberger.
About Gramercy Funds Management
Gramercy is a global emerging markets alternatives investment manager with offices in West Palm Beach (Florida), Greenwich (Connecticut), London (England), Buenos Aires (Argentina), Miami (Florida), and Mexico City (Mexico) and dedicated lending platforms in Mexico, Türkiye, Peru, Pan-Africa, Brazil, and Colombia. The $6 billion firm, founded in 1998, seeks to provide investors with a better approach to emerging markets, delivering attractive risk-adjusted returns supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes, including multi-asset, private credit, public credit, and special situations. Gramercy’s mission is to positively impact the well-being of our clients, portfolio investments, and team members. Gramercy is a Registered Investment Adviser with the US Securities and Exchange Commission (SEC) and a Signatory of the Principles for Responsible Investment (PRI). Gramercy Ltd, an affiliate, is registered with the UK Financial Conduct Authority (FCA). www.gramercy.com
About GAM Investments
GAM Investments is a highly scalable global investment platform with strong global distribution capabilities focusing on three core areas, Specialist Active Investing, Alternative Investing and Wealth Management, that is listed in Switzerland. It delivers distinctive and differentiated investment solutions across its Investment and Wealth Management businesses. Its purpose is to protect and enhance clients’ financial future. It attracts and empowers brightest minds to provide investment leadership, innovation and a positive impact on society and the environment. Total assets under management were CHF 16.3 billion as of 31 December 2024. GAM Investments has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983, and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland. For more information about GAM Investments, please visit www.gam.com
This document is for informational purposes only. The information presented is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Gramercy may have current investment positions in the securities or sovereigns mentioned above. The information and opinions contained in this paper are as of the date of initial publication, derived from proprietary and nonproprietary sources deemed by Gramercy to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. This paper may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this paper is at the sole discretion of the reader. You should not rely on this presentation as the basis upon which to make an investment decision. Investment involves risk. There can be no assurance that investment objectives will be achieved. Investors must be prepared to bear the risk of a total loss of their investment. These risks are often heightened for investments in emerging/developing markets or smaller capital markets. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation, and the possibility of substantial volatility due to adverse political, economic or other developments. References to any indices are for informational and general comparative purposes only. The performance data of various indices mentioned in this update are updated and released on a periodic basis before finalization. The performance data of various indices presented herein was current as of the date of the presentation. Please refer to data returns of the separate indices if you desire additional or updated information. Indices are unmanaged, and their performance results do not reflect the impact of fees, expenses, or taxes that may be incurred through an investment with Gramercy. Returns for indices assume dividend reinvestment. An investment cannot be made directly in an index. Accordingly, comparing results shown to those of such indices may be of limited use. The information provided herein is neither tax nor legal advice. Investors should speak to their tax professional for specific information regarding their tax situation.